Mali: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mali
IMF Staff Country Reports, September 10, 2025
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- Mali: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mali
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Bibliographic details
- Published: September 10, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229024563.002
Overview
- Mali experienced a difficult 2024 characterized by persistent security attacks, protracted power outages, food insecurity, and catastrophic floods.
- These developments prompted Fund support under the Rapid Credit Facility (RCF) and a Staff-Monitored Program (SMP) in April 2025.
- The Financial Action Task Force (FATF) has removed Mali from its grey list; nevertheless, investors perceive high policy uncertainty related to several developments.
Major findings and recent events
- Security and humanitarian stresses: persistent security attacks, protracted power outages, food insecurity, and catastrophic floods in 2024.
- Policy uncertainty:
- Implementation of the 2023 mining code reforms.
- Post-ECOWAS exit arrangements.
- Suspension of political parties and elections.
- Mining sector shock:
- The country’s largest gold mine shut in January 2025 over a tax dispute tied to the new mining code.
- Operations have been placed under a six-month court-appointed administrator.
- The timing of a full restart and the return of critical mining revenues remains unclear.
Risks and investor concerns
- Continued high policy uncertainty is cited by investors despite FATF removal from the grey list.
- Key risk drivers include unresolved legal and fiscal disputes in the mining sector and uncertainty around political and regional integration arrangements (post-ECOWAS exit).
IMF engagement and policy support
- Fund support mechanisms activated:
- Rapid Credit Facility (RCF) in April 2025.
- Staff-Monitored Program (SMP) in April 2025.
- The engagement aims to address immediate balance of payments needs and provide a framework for policy dialogue amid heightened risks.
Subject focus and keywords
- Subject: Debt sustainability, Debt sustainability analysis, External debt, Public debt
- Keywords: common external tariff, Debt sustainability, Debt sustainability analysis, development agenda, Global, government oversight body, rate structure, SDR equivalent, WAEMU tariff reform, West Africa
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