{
  "title": "Mali: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mali",
  "publication": "IMF Staff Country Reports, September 10, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/09/10/mali-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-570204",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Mali experienced a difficult 2024 characterized by persistent security attacks, protracted power outages, food insecurity, and catastrophic floods.\n- These developments prompted Fund support under the Rapid Credit Facility (RCF) and a Staff-Monitored Program (SMP) in April 2025.\n- The Financial Action Task Force (FATF) has removed Mali from its grey list; nevertheless, investors perceive high policy uncertainty related to several developments."
    },
    {
      "heading": "Major findings and recent events",
      "content": "- Security and humanitarian stresses: persistent security attacks, protracted power outages, food insecurity, and catastrophic floods in 2024.\n- Policy uncertainty:\n  - Implementation of the 2023 mining code reforms.\n  - Post-ECOWAS exit arrangements.\n  - Suspension of political parties and elections.\n- Mining sector shock:\n  - The country’s largest gold mine shut in January 2025 over a tax dispute tied to the new mining code.\n  - Operations have been placed under a six-month court-appointed administrator.\n  - The timing of a full restart and the return of critical mining revenues remains unclear."
    },
    {
      "heading": "Risks and investor concerns",
      "content": "- Continued high policy uncertainty is cited by investors despite FATF removal from the grey list.\n- Key risk drivers include unresolved legal and fiscal disputes in the mining sector and uncertainty around political and regional integration arrangements (post-ECOWAS exit)."
    },
    {
      "heading": "IMF engagement and policy support",
      "content": "- Fund support mechanisms activated:\n  - Rapid Credit Facility (RCF) in April 2025.\n  - Staff-Monitored Program (SMP) in April 2025.\n- The engagement aims to address immediate balance of payments needs and provide a framework for policy dialogue amid heightened risks."
    },
    {
      "heading": "Subject focus and keywords",
      "content": "- Subject: Debt sustainability, Debt sustainability analysis, External debt, Public debt\n- Keywords: common external tariff, Debt sustainability, Debt sustainability analysis, development agenda, Global, government oversight body, rate structure, SDR equivalent, WAEMU tariff reform, West Africa\n\n---\n\n Content in this bundle\n\n- 1mliea2025002 Source Pdf\n  - 1mliea2025002 Source Pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mliea2025002 Source Pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 10, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229024563.002",
    "Mali experienced a difficult 2024 characterized by persistent security attacks, protracted power outages, food insecurity, and catastrophic floods.",
    "These developments prompted Fund support under the Rapid Credit Facility (RCF) and a Staff-Monitored Program (SMP) in April 2025.",
    "The Financial Action Task Force (FATF) has removed Mali from its grey list; nevertheless, investors perceive high policy uncertainty related to several developments.",
    "Security and humanitarian stresses: persistent security attacks, protracted power outages, food insecurity, and catastrophic floods in 2024.",
    "Policy uncertainty:",
    "Mining sector shock:",
    "Continued high policy uncertainty is cited by investors despite FATF removal from the grey list.",
    "Key risk drivers include unresolved legal and fiscal disputes in the mining sector and uncertainty around political and regional integration arrangements (post-ECOWAS exit).",
    "Fund support mechanisms activated:",
    "The engagement aims to address immediate balance of payments needs and provide a framework for policy dialogue amid heightened risks.",
    "Subject: Debt sustainability, Debt sustainability analysis, External debt, Public debt",
    "Keywords: common external tariff, Debt sustainability, Debt sustainability analysis, development agenda, Global, government oversight body, rate structure, SDR equivalent, WAEMU tariff reform, West Africa",
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