Mali: First Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Mali; IMF Country Report No. 20/8; December 23, 2019
IMF Staff Country Reports, January 16, 2020
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- Canonical URL
- Mali: First Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Mali; IMF Country Report No. 20/8; December 23, 2019
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Bibliographic details
- Published: January 16, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513526461.002
Overview and Context
- Discusses Mali’s First Review Under the Extended Credit Facility Arrangement, Request for a Waiver of NonObservance of a Performance Criterion and Modification of Performance Criteria.
- Mali’s economic growth has remained solid.
- Authorities have steadfastly implemented their revenue mobilization program and structural reforms are underway.
- Continued commitment to sound policies and reforms will be critical to achieving the program’s objectives.
Security, Social Conditions, and Impact on the Program
- Security and social conditions in Mali have steadily deteriorated in recent years, especially in the central and northern regions.
- Implementation of the 2015 peace agreement is challenging, rendering the return of effective state control to these regions difficult.
- The agreed fiscal framework reflects the impact of the difficult security situation on public finances.
Fiscal Framework and Key Numerical Adjustments
- The overall fiscal deficit for 2020 has been increased to 3.5 percent of gross domestic product (GDP), from the previously agreed 3 percent of GDP, to prevent crowding out of social and development spending.
Program Priorities and Structural Reforms
- The primary focus of the program remains on:
- increasing revenue mobilization,
- strengthening cash management,
- improving governance,
- pursuing the financial restructuring of the state electricity company.
- The mission paved the way for a governance assessment mission in early 2020.
Content in this bundle
- Mali — First Review Under the Extended Credit Facility Arrangement