For more information, see Mali and the IMF

Mali—Enhanced Structural Adjustment Medium-Term Economic
and Financial Policy Framework Paper, 1998–2001

Tables

Table 1. Mali: Summary and Timetable of Microeconomic and
Structural Adjustment Policies, 1998–2001
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Table 2. Mali: Selected Economic and Financial Indicators, 1994–2001
      1996    1997    1998 1999 2000 2001
     


  1994 1995 Est. Prog. Est. Projections


(Annual percentage change, unless otherwise specified)
Income and prices
   GDP at constant prices 2.3 6.4 4.0 5.8 6.7 5.4 5.0 5.0 5.0
   GDP deflator 33.2 12.5 6.3 3.5 1.8 2.7 2.5 2.1 2.2
   Consumer price index






      Annual average 24.8 12.4 6.5 3.5 -0.7 2.5 2.5 2.5 2.5
      End of period 32.0 9.2 2.8 6.0 0.9 2.5 2.5 2.5 2.5


External sector
   Exports, f.o.b. 88.9 18.0 0.6 21.8 47.8 2.2 11.7 5.0 7.3
   Imports, c.i.f. 82.0 7.3 5.4 5.4 10.9 6.0 6.8 3.7 3.9
   Export volume 1.4 16.6 2.2 18.9 49.7 0.5 6.7 2.6 5.7
   Import volume -2.7 7.2 6.0 4.6 10.8 2.7 4.2 2.0 2.3
   Terms of trade -0.4 1.2 -1.1 -1.8 -1.4 0.4 2.1 0.7 -0.1
   Nominal effective exchange
      rate1
-48.5 3.5 -0.3 ... -1.7 ... ... ... ...
   Real effective exchange rate1 -38.1 12.6 3.6 ... -7.2 ... ... ... ...


Consolidated government
      operations
   Revenue 32.7 28.4 31.1 1.8 11.6 8.6 11.1 10.8 8.4
   Expenditure and net lending2 58.0 8.4 9.3 8.5 9.9 6.5 5.3 4.5 4.8


Money and credit
   Net domestic assets3 11.5 3.1 -10.4 6.5 10.6 1.9 ... ... ...
      Credit to the government3,4 0.6 -13.7 -14.2 0.0 -0.1 -0.9 ... ... ...
      Credit to the economy 16.4 59.6 29.0 11.5 14.5 8.4 ... ... ...
   Money and quasi-money (M2) 39.1 19.6 12.1 11.4 8.6 8.6 ... ... ...
   Velocity (GDP/M2) 4.3 4.3 4.3 4.4 4.3 4.3 ... ... ...
   Interest rate5 5.5 6.0 5.0 ... 3.8 ... ... ... ...


(In percent of GDP, unless otherwise specified)
Overall fiscal deficit
   (commitment basis)2,6






      Excluding grants -13.9 -10.6 -7.9 -8.8 -7.8 -7.6 -6.4 -5.3 -4.6
      Including grants -4.4 -3.2 -0.8 -4.2 -2.1 -3.9 -2.5 -1.7 -1.3

Gross domestic investment 26.0 26.0 26.0 25.5 23.3 25.0 25.5 26.0 26.0
   Government 13.0 12.5 12.1 11.5 10.7 11.3 11.3 11.2 11.2
   Nongovernment 13.0 13.5 13.9 14.0 12.6 13.7 14.2 14.8 14.8
Gross domestic savings 7.1 10.9 10.7 13.9 13.6 14.6 16.3 17.4 18.5
   Government 1.4 3.4 4.4 4.1 3.7 4.6 5.9 6.9 7.6
   Nongovernment 5.7 7.5 6.4 9.9 9.9 10.0 10.4 10.5 10.9
Gross national savings
      (excluding official transfers) 9.1 12.1 11.8 14.5 14.0 15.2 16.9 18.0 19.0


External current account balance
   (deficit -)2


      Excluding official transfers -16.9 -13.9 -14.2 -11.0 -9.3 -9.8 -8.6 -8.0 -7.0
      Including official transfers -3.8 -4.8 -5.1 -4.6 -2.8 -3.9 -2.7 -2.5 -1.9


External public debt 135.6 123.7 111.3 116.0 116.9 114.1 110.7 107.5 103.4


(In percent of exports of good and nonfactor services)
Debt service ratio,
       before debt relief 41.8 32.3 30.0 18.5 15.0 12.2 12.4 13.2 13.9
       after debt relief 22.9 16.7 15.1 14.6 5.0 12.2 12.4 13.2 13.9


(In billions of CFA francs)
 
GDP at current market prices   1,028.7   1,231.3   1,360.7 1,490.7   1,477.6 1,599.6   1,720.6   1,843.9 1,977.3

Sources: Malian authorities; and Fund staff estimates and projections.
1Period average; depreciation -.
2Including interest due to the People's Republic of China and the Russian Federation.
3Annual change in percent of beginning-of-period money stock.
4Including the securitized consolidated debit balances of the Banque de Développement du Mali and the cotton stabilization fund.
5End-of-period interest rate on the West African Economic and Monetary Union money market.
6Before debt rescheduling; after debt cancellation obtained through 1996.
 

Table 3. Mali: External Financing Requirements and Resources1
(In billions of CFA francs)
  1994 1995 1996 1997
Est.
   1998  1999    2000  2001
 
Program

Projections

Requirements 321.9 303.3 314.2 191.1 218.1 201.3 191.1 191.0
                 
   Current account deficit,
      excluding official transfers2
173.7 170.9 193.8 137.0 157.0 147.9 146.8 138.7
   Debt amortization2 66.9 64.0 60.9 39.0 21.3 26.1 27.4 30.9
   IMF repurchases -5.4 -3.6 -4.0 -4.1 -6.6 -7.0 -10.5 -13.8
   Arrears (increase -) 19.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
   Change in net foreign                
      assets (increase+)3 76.7 62.7 84.8 19.2 46.5 34.3 27.4 35.1
   Adjustment4 -9.8 9.4 -21.3 0.0 0.0 0.0 0.0 0.0
                 
Resources 321.9 303.3 314.2 191.1 218.1 201.3 191.1 191.0
                 
   Official transfers5 134.4 111.4 124.1 95.2 95.0 101.0 101.0 101.0
   Long-term public loan                
      disbursement (gross)5 91.7 110.1 102.1 72.7 80.1 80.0 80.0 80.0
   Private capital (net) 20.9 15.0 30.9 -8.0 1.5 4.0 6.0 10.0
   Debt Relief 51.8 44.8 41.0 0.0 0.0 0.0 0.0 0.0
   Debt under rescheduling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
   Debt moratorium6 0.0 0.0 0.0 14.6 0.0 0.0 0.0 0.0
   Use of IMF resources (ESAF) 23.1 22.0 15.5 16.6 16.8 0.0 0.0 0.0
   Exceptional financing 0.0 0.0 0.0 0.0 24.7 16.3 4.1 0.0
                 
Memorandum item:
   Exchange rate: CFAF per SDR 795.0 757.1 742.7 803.1 812.9 811.5 812.3 815.0

Sources: Data provided by the Malian authorities; and estimates and projections of the Fund and World Bank staffs.
1Data may not add up due to rounding.
2 After debt forgiveness.
3Excluding the change in the net position vis-à-vis the Fund.
4Including revaluation adjustment and errors and omissions.
5Includes both existing and expected new commitments.
6Russiam Federation and China.
 

Table 4. Mali: Income and Social Indicators

  Latest single year
   1997
Est.
   Programmed
  1970-75   1980-1985   1990-1996 1998   1999   2000   2001

Population
Population (mid-year) (millions) 5.9 7.4 10.0 10.3 10.6 10.9 11.3 11.6
Population growth rate (latest single year) (%) 2.0 2.5 3.0 3.0 3.0 3.0 3.0 3.0
Total fertility rate (births per woman)1 7.1 7.1 6.7 6.8 6.7 6.6 6.5 6.4
 
Income
Nominal GNP per capita (US$)
   (Atlas methodology)
130.0 170.0 240.0 260.0 260.0 260.0 270.0 280.0
Index of real wages .. .. .. .. .. .. .. ..
   Agricultural .. .. .. .. .. .. .. ..
   Nonagricultural .. .. .. .. .. .. .. ..
Consumer price index (%) .. .. 6.5 -0.7 2.5 2.5 2.5 2.5
Food price index (single year, 1996) (%) .. .. 9.0 .. .. .. .. ..
 
Social indicators
Public expenditure as % of GDP .. 25.8 23.4 23.0 22.5 21.9 21.4
   Health .. 0.5 1.7 2.2 2.3 2.5 2.5 2.6
   Education .. 2.7 3.1 2.9 3.1 3.7 4.1 4.3
   Social security and welfare .. 2.1 .. .. .. .. .. ..
Gross primary school enrollment
      (% school age pop.)1
   Total 24.0 23.0 42.0 46.7 .. 55.0 .. ..
      Male 32.0 30.0 51.3 57.0 .. .. .. ..
      Female 17.0 17.0 33.4 36.3 .. .. .. ..
Access to safe water (% of population)
   Total .. .. 37.0
      Urban .. .. 36.0
      Rural .. .. 38.0
Immunization rate (under 12 months)
      (% of age group)
   Measles .. .. 49.0
   DPT .. .. 46.0
Child (under 5) malnutrition rate
   (% of age group)2
.. .. 31.0 25.0 22.0 19.4 17.0 15.0
Life expectancy at birth (years)
   Total 39.0 42.0 50.0 .. .. .. .. ..
      Male 37.0 41.0 48.0 .. .. .. .. ..
      Female 41.0 43.0 52.0 .. .. .. .. ..
Infant mortality rate
   (per 1000 live births)
203.0 158.0 120.0 .. .. .. .. ..
Under-5 mortality rate (per 1000 live births) .. 291.0 220.0 .. .. .. .. ..
   Male .. .. .. .. .. .. .. ..
   Female .. .. .. .. .. .. .. ..
Adult (15-59) mortality rate (per 1000 population) .. .. .. .. .. .. .. ..
Maternal mortality rate (per 100,000 live births) .. .. 580.0 .. .. .. .. ..

Sources: World Bank, World Development Indicators 1998 CD-ROM; Country Assistance Strategy, April 1998.
1Data on school enrollment rates for 1996 and 1997 are from Malian authorities (PRODEC).
2Data on child malnutrition for 1997-2001 are from CAS Strategy Matrix, Annex B9, April 1998.

 
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