{
  "title": "Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali",
  "publication": "IMF Staff Country Reports, September 5, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/09/05/mali-request-for-three-year-arrangement-under-the-extended-credit-facility-press-release-48656",
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  "summary": "This paper discusses Mali’s Request for Three-Year Arrangement Under the Extended Credit Facility (ECF). The economic outlook for Mali remains positive; however, subject to important downside risks.",
  "sections": [
    {
      "heading": "Economic outlook and baseline findings",
      "content": "- The economic outlook for Mali \"remains positive; however, subject to important downside risks.\"\n- The potential real growth rate is estimated at \"about 5 percent per year.\"\n- Inflation is expected to continue to be contained by the CFAF’s peg to the euro.\n- The new ECF arrangement aims to support the authorities’ development strategy (CREDD) for strong and inclusive growth through job creation, economic diversification, and greater resiliency."
    },
    {
      "heading": "Downside risks",
      "content": "- Possible further deterioration of the security situation.\n- Potential shocks to the terms of trade, specifically the price of gold, cotton, and fuels.\n- Adverse weather conditions."
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Significantly increase revenue collection in the short term to allow for development spending.\n- Reform the energy sector.\n- Pursue greater spending efficiency, including:\n  - Strengthened project selection and execution.\n  - Rationalization of subsidies.\n- Support efforts to increase financial inclusion and narrow the gender gap, including by direct measures to economically empower women."
    },
    {
      "heading": "Focus and scope of the ECF arrangement",
      "content": "- Short-term main focus: significantly increase revenue collection and reform the energy sector.\n- Medium-term/structural focus: support CREDD objectives—job creation, economic diversification, and greater resiliency."
    },
    {
      "heading": "Subjects and keywords covered",
      "content": "- Debt sustainability analysis\n- Expenditure\n- External debt\n- Public debt\n- Public investment and public-private partnerships (PPP)\n- Revenue administration\n- Stress testing\n- Keywords excerpted: company EDM, CR, debt, Debt sustainability analysis, dynamics equation, ECF arrangement, executive board discussion, financing needs, Global, government, ISCR, market financing, Public investment and public-private partnerships (PPP), revenue administration reform, spending allocation, Sub-Saharan Africa, West Africa\n\nInternational Monetary Fund. Mali: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali (IMF Staff Country Reports 2019, 289).\n\n---\n\n Content in this bundle\n\n- 1mliea2019001\n  - 1mliea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mliea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 5, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513513300.002",
    "The economic outlook for Mali \"remains positive; however, subject to important downside risks.\"",
    "The potential real growth rate is estimated at \"about 5 percent per year.\"",
    "Inflation is expected to continue to be contained by the CFAF’s peg to the euro.",
    "The new ECF arrangement aims to support the authorities’ development strategy (CREDD) for strong and inclusive growth through job creation, economic diversification, and greater resiliency.",
    "Possible further deterioration of the security situation.",
    "Potential shocks to the terms of trade, specifically the price of gold, cotton, and fuels.",
    "Adverse weather conditions.",
    "Significantly increase revenue collection in the short term to allow for development spending.",
    "Reform the energy sector.",
    "Pursue greater spending efficiency, including:",
    "Support efforts to increase financial inclusion and narrow the gender gap, including by direct measures to economically empower women.",
    "Short-term main focus: significantly increase revenue collection and reform the energy sector.",
    "Medium-term/structural focus: support CREDD objectives—job creation, economic diversification, and greater resiliency.",
    "Keywords excerpted: company EDM, CR, debt, Debt sustainability analysis, dynamics equation, ECF arrangement, executive board discussion, financing needs, Global, government, ISCR, market financing, Public investment and public-private partnerships (PPP), revenue administration reform, spending allocation, Sub-Saharan Africa, West Africa",
    "**1mliea2019001**"
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