Mali: 2018 Article IV Consultation and Eighth and Ninth Reviews Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Mali
IMF Staff Country Reports, May 31, 2018
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- Mali: 2018 Article IV Consultation and Eighth and Ninth Reviews Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Mali
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Bibliographic details
- Published: May 31, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484358993.002
Executive summary and key findings
- Mali’s economic recovery continued in 2017 amid persistent security challenges.
- GDP growth remained robust, at an estimated 5.3 percent, supported by good harvests and robust domestic demand.
- Inflation was subdued, remaining well below the regional ceiling.
- The 2017 fiscal outturn and the 2018 budget are in line with the program targets and the goal of converging to the West African Economic and Monetary Union’s regional fiscal deficit norm of 3 percent of GDP by 2019.
- The macroeconomic outlook is subject to downside risks stemming mainly from Mali’s fragile security situation.
Macroeconomic performance (2017)
- Growth: GDP growth estimated at 5.3 percent.
- Inflation: Subdued; explicitly noted as remaining well below the regional ceiling.
- Demand drivers: Good harvests and robust domestic demand cited as supporting growth.
Fiscal policy and program adherence
- 2017 fiscal outturn aligns with program targets.
- 2018 budget aligns with program targets and the convergence goal to WAEMU regional fiscal deficit norm of 3 percent of GDP by 2019.
Risks and outlook
- Principal downside risk: Mali’s fragile security situation.
- Macroeconomic outlook: Conditioned on security environment; downside risks highlighted but no quantitative alternative scenarios provided in the summary.
Analytical subjects covered
- Debt sustainability analysis
- Expenditure
- External debt
- Public debt
- Public financial management (PFM)
- Revenue administration
Keywords and thematic tags (as provided)
- administration reform
- article IV discussion
- authorities' plan
- authority
- CR
- debt
- Debt sustainability analysis
- deficit
- Global
- IMF country report No. 17/209
- ISCR
- policy discussion
- WAEMU convergence criteria
- West Africa
Source: Mali: 2018 Article IV Consultation and Eighth and Ninth Reviews Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Mali
Content in this bundle
- Country Report