Mali: 2023 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Mali

June 14, 2023

Preview Citation

Format: Chicago

Mali: 2023 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Mali, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Also available in: français

Summary

Mali has been hit by several large shocks in the past three years, including two coups d’état, the COVID-19 pandemic, acute security challenges and a cost-of-living crisis triggered by Russia’s invasion of Ukraine. A strict embargo in the first half of 2022 by regional partners restricted the government and private sector’s international economic transactions. Despite that embargo, GDP growth was estimated to be 3.7 percent in 2022. Inflation peaked at almost 15 percent in mid-2022—resulting in an increase in extreme poverty and heightened food insecurity—but has since decelerated, with inflation in March 2023 at 7.5 percent. The BCEAO regional central bank raised its policy rate to 3 percent in February 2023, a 100-basis point cumulative increase since June 2022.

Subject: Debt sustainability, External debt, Government debt management, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authorities' roadmap, B. financing condition, Concerted effort, Debt sustainability, Global, Government debt management, Malian authorities' effort, Medium-term projection, West Africa

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/209
Stock No:

1MLIEA2023001
ISBN:

9798400245985
ISSN:

1934-7685

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