Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali
IMF Staff Country Reports, September 5, 2019
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- Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali
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Bibliographic details
- Published: September 5, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513513300.002
Economic outlook and baseline findings
- The economic outlook for Mali "remains positive; however, subject to important downside risks."
- The potential real growth rate is estimated at "about 5 percent per year."
- Inflation is expected to continue to be contained by the CFAF’s peg to the euro.
- The new ECF arrangement aims to support the authorities’ development strategy (CREDD) for strong and inclusive growth through job creation, economic diversification, and greater resiliency.
Downside risks
- Possible further deterioration of the security situation.
- Potential shocks to the terms of trade, specifically the price of gold, cotton, and fuels.
- Adverse weather conditions.
Policy priorities and recommendations
- Significantly increase revenue collection in the short term to allow for development spending.
- Reform the energy sector.
- Pursue greater spending efficiency, including:
- Strengthened project selection and execution.
- Rationalization of subsidies.
- Support efforts to increase financial inclusion and narrow the gender gap, including by direct measures to economically empower women.
Focus and scope of the ECF arrangement
- Short-term main focus: significantly increase revenue collection and reform the energy sector.
- Medium-term/structural focus: support CREDD objectives—job creation, economic diversification, and greater resiliency.
Subjects and keywords covered
- Debt sustainability analysis
- Expenditure
- External debt
- Public debt
- Public investment and public-private partnerships (PPP)
- Revenue administration
- Stress testing
- Keywords excerpted: company EDM, CR, debt, Debt sustainability analysis, dynamics equation, ECF arrangement, executive board discussion, financing needs, Global, government, ISCR, market financing, Public investment and public-private partnerships (PPP), revenue administration reform, spending allocation, Sub-Saharan Africa, West Africa
International Monetary Fund. Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali (IMF Staff Country Reports 2019, 289).
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- 1mliea2019001