## Mali: Request for Disbursement under the Rapid Credit Facility—Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Approval; and Statement by the Executive Director for Mali

_IMF Staff Country Reports, June 21, 2013_

## Source details

**Canonical URL:** [Mali: Request for Disbursement under the Rapid Credit Facility—Staff Report; Informational Annex; Staff Statement; Press Release on the Executive Board Approval; and Statement by the Executive Director for Mali](https://www.imf.org/en/publications/cr/issues/2016/12/31/mali-request-for-disbursement-under-the-rapid-credit-facility-staff-report-informational-40695)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/mali-request-for-disbursement-under-the-rapid-credit-facility-staff-report-informational-40695/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/mali-request-for-disbursement-under-the-rapid-credit-facility-staff-report-informational-40695/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/mali-request-for-disbursement-under-the-rapid-credit-facility-staff-report-informational-40695/bundle-manifest.json)

## Bibliographic details
- Published: June 21, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484399972.002

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### Overview / Background
- The security and political crisis in Mali caused a sharp recession along with tax and external financing shortfalls.
- There has been a sharp expenditure cut and increased recourse to domestic financing.
- The accumulation of arrears is prevalent.
- Resumption of donor support brightens the path to economic recovery, but there remain important financing gaps.
- Strengthening public financial management is essential for sustained macroeconomic and fiscal stability.

### Fiscal and Financing Developments
- Sharp recession driven by security and political crisis.
- Tax shortfalls and external financing shortfalls constrained budgetary resources.
- Authorities implemented sharp expenditure cuts.
- Increased recourse to domestic financing has occurred.
- Accumulation of arrears is prevalent, indicating stress in payment obligations.

### Rapid Credit Facility (RCF) Disbursement and Catalytic Effects
- The first disbursement under the Rapid Credit Facility (RCF) was special drawing rights (SDR) 12 million in February.
- This RCF disbursement has catalyzed about $508 million of budget support thus far.

### Policy Recommendations and Priorities
- Resume and maintain donor support to help economic recovery and close financing gaps.
- Strengthen public financial management (PFM) to support sustained macroeconomic and fiscal stability.
- Address accumulation of arrears and reduce reliance on domestic financing where possible to restore fiscal credibility.

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## Content in this bundle

- **Cr13168**
  - [Cr13168 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13168.pdf){rel="external" type="application/pdf"}
- **Cr13168f**
  - [Cr13168f (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2013/_cr13168f.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/mali-request-for-disbursement-under-the-rapid-credit-facility-staff-report-informational-40695_