IMF Staff Country Reports

Mali faced another difficult year in 2024: persistent security attacks, protracted
power outages, food insecurity, and catastrophic floods—prompting Fund support
under the Rapid Credit Facility (RCF) and a Staff-Monitored Program (SMP) in April
2025. Although the Financial Action Task Force (FATF) has now removed Mali from its
grey list, investors still see high policy uncertainty around the implementation of the
2023 mining code reforms, post-ECOWAS exit arrangements, and the suspension of
political parties and elections. Adding to the strain, the country’s largest gold mine shut
in January 2025 over a tax dispute tied to the new mining code; operations have
recently been placed under a six-month court-appointed administrator, but the timing
of a full restart—and the return of critical mining revenues—remains unclear.