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.