Mali : Request for Disbursement under the Rapid Credit Facility—Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Approval; and Statement by the Executive Director for Mali

Publication Date: June 21, 2013
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Summary: The security and political crisis in Mali caused a sharp recession along with tax and external financing shortfalls. There has been a sharp expenditure cut and increased recourse to domestic financing, but the accumulation of arrears is prevalent. The first disbursement under the Rapid Credit Facility (RCF) of special drawing rights (SDR) 12 million in February has catalyzed about $508 million of budget support thus far. Resumption of donor support brightens the path to economic recovery, but there remain important financing gaps. Strengthening public financial management is essential for sustained macroeconomic and fiscal stability.
Series: Country Report No. 13/168
Subject(s): Rapid Credit Facility | Fiscal policy | Fiscal reforms | Economic indicators | Staff Reports | Press releases | Mali

Notes Also available in French
Publication Date: June 21, 2013
ISBN/ISSN: 9781484399972/1934-7685 Format: Paper
Stock No: 1MLIEA2013004 Pages: 76
US$18.00 (Academic Rate:
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