Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

September 5, 2019

Preview Citation

Format: Chicago

Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali, (USA: International Monetary Fund, 2019) accessed November 17, 2024

Also available in: français

Summary

This paper discusses Mali’s Request for Three-Year Arrangement Under the Extended Credit Facility (ECF). The economic outlook for Mali remains positive; however, subject to important downside risks. The potential real growth rate is estimated at about 5 percent per year and inflation is expected to continue to be contained by the CFAF’s peg to the euro. Downside risks relate to the possible further deterioration of the security situation, potential shocks to the terms of trade (the price of gold, cotton, and fuels), and adverse weather conditions. Going forward, it is essential to pursue greater spending efficiency, including through strengthened project selection and execution, as well as the rationalization of subsidies. The authorities’ efforts to increase financial inclusion and narrow the gender gap, including by direct measures to economically empower women are welcome. The new ECF arrangement aims to support the authorities’ development strategy (CREDD) for strong and inclusive growth through job creation, economic diversification, and greater resiliency. The main focus in the short term is to significantly increase revenue collection to allow for development spending and to reform the energy sector.

Subject: Debt sustainability analysis, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Revenue administration, Stress testing

Keywords: Company EDM, CR, Debt, Debt sustainability analysis, Dynamics equation, ECF arrangement, Executive board discussion, Financing needs, Global, Government, ISCR, Market financing, Public investment and public-private partnerships (PPP), Revenue administration reform, Spending allocation, Sub-Saharan Africa, West Africa

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/289
Stock No:

1MLIEA2019001
ISBN:

9781513513300
ISSN:

1934-7685

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