{
  "title": "Mali – At the Dawn of a New Year",
  "publication": "IMF Blog, January 11, 2014",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2014/01/11/mali-at-the-dawn-of-a-new-year",
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  "summary": "Author and date: Christine Lagarde, January 11, 2014.",
  "sections": [
    {
      "heading": "Context and recent developments",
      "content": "- Author and date: Christine Lagarde, January 11, 2014.\n- Mali experienced \"massive turmoil in 2012\" but is \"emerging successfully\" as of the publication date.\n- Parliamentary and presidential elections have been held and the newly elected government has put forth a new economic program aimed at increasing growth and reducing poverty.\n- Political situation described as \"settled\" with national reconciliation underway; civil society and government leaders emphasize getting the economy \"back on track.\"\n- IMF engagement: \"The IMF is Mali’s partner in this great endeavor.\""
    },
    {
      "heading": "Key achievements and statistics prior to 2012 crisis",
      "content": "- Average annual growth rate before the 2012 coup: 5.5 percent.\n- Primary school enrollment had reached 70 percent of all children.\n- Male and female literacy rates had doubled (no baseline values provided in the source).\n- Child mortality had been almost halved (no baseline values provided in the source).\n- The poverty rate was down (no numeric value provided in the source)."
    },
    {
      "heading": "Challenges and constraints",
      "content": "- Mali faces an \"extraordinarily difficult transition\" from restoring political stability to securing economic stability, \"from crisis to recovery.\"\n- Large and untapped economic and human potential exists but requires concerted action.\n- Financial inclusion constraint: \"only 10 percent of the population has a bank account.\"\n- Fiscal constraints: \"huge investment needs and the fiscal space for the necessary spending needs to be created.\"\n- Governance issues highlighted, including the need to \"step up efforts to fight corruption in a resolute and sustained manner.\""
    },
    {
      "heading": "Policy framework — \"The Three Ps\"",
      "content": "- Public investment\n  - Mali has \"huge investment needs.\"\n  - Fiscal space must be created through actions to:\n    - increase revenues,\n    - address inefficient energy subsidies,\n    - tackle governance and public financial management issues.\n  - Anti-corruption efforts need to be \"resolute and sustained.\"\n- Private investment\n  - Supporting entrepreneurship is a \"key component\" of development.\n  - Preconditions needed include greater financial sector development and a stronger business environment.\n  - Financial inclusion gap noted: \"only 10 percent of the population has a bank account.\"\n- Participation for all\n  - Emphasis on increasing investment in human capital: \"the country’s greatest potential—its people.\"\n  - Growth should be \"more equitable and more inclusive.\"\n  - All sectors and actors—men and women—should have access to opportunity and the benefits of growth.\n  - Specific mention: \"Women, in particular, can and should play a key role in unlocking Mali’s potential.\"\n  - Education sector explicitly named as an area for inclusive access."
    },
    {
      "heading": "Outlook and closing assessment",
      "content": "- The author expresses confidence: \"I came away confident that it will be able to do it.\"\n- Distinct yearly framing: \"2012 was the year of the crisis; 2014 can and must be the year of recovery.\"\n- Final sentiment: a feeling of hope and encouragement about Mali’s future; IMF positioned as a partner in the recovery.\n\nSource: Christine Lagarde, \"Mali – At the Dawn of a New Year,\" January 11, 2014.\n\n---\n\n\n References\n\n- https://www.imf.org/wp-content/uploads/2014/01/118744343643071d8a160.jpg\n- https://www.imf.org/wp-content/uploads/2014/01/1186121240322d294767f.jpg\n\nSource: https://www.imf.org/en/blogs/articles/2014/01/11/mali-at-the-dawn-of-a-new-year"
    }
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    "[Markdown version](/en/blogs/articles/2014/01/11/mali-at-the-dawn-of-a-new-year/index.md)",
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    "Authors: Christine Lagarde",
    "Published: January 11, 2014",
    "Author and date: Christine Lagarde, January 11, 2014.",
    "Mali experienced \"massive turmoil in 2012\" but is \"emerging successfully\" as of the publication date.",
    "Parliamentary and presidential elections have been held and the newly elected government has put forth a new economic program aimed at increasing growth and reducing poverty.",
    "Political situation described as \"settled\" with national reconciliation underway; civil society and government leaders emphasize getting the economy \"back on track.\"",
    "IMF engagement: \"The IMF is Mali’s partner in this great endeavor.\"",
    "Average annual growth rate before the 2012 coup: 5.5 percent.",
    "Primary school enrollment had reached 70 percent of all children.",
    "Male and female literacy rates had doubled (no baseline values provided in the source).",
    "Child mortality had been almost halved (no baseline values provided in the source).",
    "The poverty rate was down (no numeric value provided in the source).",
    "Mali faces an \"extraordinarily difficult transition\" from restoring political stability to securing economic stability, \"from crisis to recovery.\"",
    "Large and untapped economic and human potential exists but requires concerted action.",
    "Financial inclusion constraint: \"only 10 percent of the population has a bank account.\"",
    "Fiscal constraints: \"huge investment needs and the fiscal space for the necessary spending needs to be created.\"",
    "Governance issues highlighted, including the need to \"step up efforts to fight corruption in a resolute and sustained manner.\"",
    "Public investment",
    "Private investment",
    "Participation for all",
    "The author expresses confidence: \"I came away confident that it will be able to do it.\"",
    "Distinct yearly framing: \"2012 was the year of the crisis; 2014 can and must be the year of recovery.\"",
    "Final sentiment: a feeling of hope and encouragement about Mali’s future; IMF positioned as a partner in the recovery.",
    "[https://www.imf.org/wp-content/uploads/2014/01/11874434364_3071d8a160.jpg](https://www.imf.org/wp-content/uploads/2014/01/11874434364_3071d8a160.jpg)",
    "[https://www.imf.org/wp-content/uploads/2014/01/11861212403_22d294767f.jpg](https://www.imf.org/wp-content/uploads/2014/01/11861212403_22d294767f.jpg)"
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