Mali: Request for a Three-Year Arrangement under The Extended Credit Facility-Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Consideration; and Statement by the Executive Director for Mali

IMF Staff Country Reports, December 31, 2013

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Canonical URL: Mali: Request for a Three-Year Arrangement under The Extended Credit Facility-Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Consideration; and Statement by the Executive Director for Mali

The paper discusses Mali’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF).
The economy is recovering and inflationary pressures have abated.
After a 0.4 percent GDP decline in 2012, Mali’s economy is on the mend.
The improvement in the security situation and the resumption of donor assistance has helped revive business confidence.
Activity is picking up in the service sectors hardest hit by the crisis (commerce, hotels, and restaurants).
The banking sector is showing signs of strain.
Resumption of donor support brightens the economic outlook; however, the generally positive outlook is subject to several risks.

Recovery is linked to security improvements and resumption of donor assistance.
Service-sector activity (commerce, hotels, and restaurants) is increasing following the crisis.
The generally positive outlook is conditional and subject to several risks (not detailed in the summary).

Subjects: Credit, Expenditure, External debt, Money, Public debt, Public financial management (PFM), Revenue administration
Keywords: CR, Credit, debt, ECF arrangement, energy policy reform, fund obligation, Global, government, government decision, government properties administration, intelligence committee, ISCR, preliminary estimate, program implementation risk, staff appraisal, Sub-Saharan Africa, West Africa