## Mali: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria, and Request for Modification of Performance Criteria

_IMF Staff Country Reports, December 11, 2014_

## Source details

**Canonical URL:** [Mali: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria, and Request for Modification of Performance Criteria](https://www.imf.org/en/publications/cr/issues/2016/12/31/mali-first-and-second-reviews-under-the-extended-credit-facility-arrangement-request-for-42505)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/mali-first-and-second-reviews-under-the-extended-credit-facility-arrangement-request-for-42505/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/mali-first-and-second-reviews-under-the-extended-credit-facility-arrangement-request-for-42505/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/mali-first-and-second-reviews-under-the-extended-credit-facility-arrangement-request-for-42505/bundle-manifest.json)

## Bibliographic details
- Published: December 11, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498358484.002

---

### Summary
- Discusses Mali’s First and Second Reviews under the Extended Credit Facility (ECF) Arrangement, request for waiver of Performance Criteria (PC), and request for modification of PC.
- Economic recovery is under way but remains fragile.
- Buildup of large-scale donor support was hampered by serious lapses in public financial management (PFM), which raised governance concerns.
- Remedial measures are now in place to address the PFM weaknesses; the program remains on track.
- The authorities are requesting waivers for PCs on: tax revenue and nonconcessional borrowing.
- IMF staff recommends conclusion of the first and second program reviews.

### Program status and public financial management (PFM)
- Economic recovery: under way but fragile.
- Donor support: large-scale donor support buildup was hampered by serious lapses in PFM.
- Governance concerns: arose from the identified PFM lapses.
- Remedial measures: implemented to address PFM weaknesses and restore program track.

### Requests, recommendations, and policy actions
- Authorities’ requests:
  - Waiver of Performance Criteria on tax revenue.
  - Waiver of Performance Criteria on nonconcessional borrowing.
- IMF staff recommendation:
  - Conclude the first and second program reviews, given remedial measures and program status.

### Subject coverage and keywords
- Subject areas: External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration.
- Keywords: administration reform, authority, CR, debt, disbursement of SDR, Global, government, government chart, growth prospect, ISCR, property administration, Public and publicly-guaranteed external debt, West Africa.

---

## Content in this bundle

- **Cr14337**
  - [Cr14337 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14337.pdf){rel="external" type="application/pdf"}
- **Cr14337f**
  - [Cr14337f (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2014/_cr14337f.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/mali-first-and-second-reviews-under-the-extended-credit-facility-arrangement-request-for-42505_