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Mali’s 2008 Article IV Consultation and request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility are discussed. Mali’s economy has doubled in size since the democratic transition of the early 1990s. Sound macroeconomic management has produced growth averaging almost 5 percent, and raised the tax ratio from less than 10 percent of GDP to about 16 percent. Agriculture, the mainstay of the economy, has been buffeted by recurrent droughts, floods, locust infestation, and diseases.
Finance -- Mali. --- Fiscal policy -- Mali. --- International Monetary Fund -- Mali. --- Mali -- Economic conditions. --- Investments: Commodities --- Exports and Imports --- Macroeconomics --- Public Finance --- Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Fiscal Policy --- Agriculture: General --- Health: General --- Social welfare & social services --- International economics --- Public finance & taxation --- Investment & securities --- Poverty reduction strategy --- Public debt --- Fiscal stance --- Agricultural commodities --- Poverty reduction --- Poverty --- Commodities --- External debt --- Debts, External --- Debts, Public --- Fiscal policy --- Prices --- Farm produce --- Mali
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On the basis of the authorities’ record and actions, IMF staff supports the authorities’ request for waivers of two structural performance criteria and one quantitative performance criterion and completion of the sixth review. The authorities completed most of their ambitious structural reform agenda for the sixth poverty reduction growth facility (PRGF) review, albeit with some delays. To enhance the efficiency and soundness of the financial sector and boost growth, the authorities completed a new financial sector development strategy in October, in cooperation with the IMF and the World Bank.
Finance -- Mali. --- Fiscal policy -- Mali. --- International monetary fund -- Mali. --- Poverty -- Mali. --- Exports and Imports --- Finance: General --- Macroeconomics --- Public Finance --- Social Services and Welfare --- Debt --- Debt Management --- Sovereign Debt --- Government Policy --- Provision and Effects of Welfare Program --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Fiscal Policy --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- Social welfare & social services --- International economics --- Civil service & public sector --- Public debt --- Poverty reduction strategy --- Fiscal stance --- External debt --- Revenue administration --- Poverty --- Expenditure --- Debts, Public --- Debts, External --- Expenditures, Public --- Fiscal policy --- Revenue --- Mali --- Finance
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