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Mali

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ECONOMIC GROWTH IN MALI was fairly strong ‐ in the 4.2 per cent range ‐ in 2007. This was nonetheless a fall from2006, when growth had reached 5.3 per cent. It is expected to be somewhat higher in 2008 and 2009. The 2007 growth slowdown is explained by a decline in the production of cotton (the main engine of the economy) and gold. On the other hand, food production progressed well.Mali has just successfully concluded its three‐year programme with the InternationalMonetary Fund (IMF). TheWorld Bank and the African Development Bank (AfDB) are considering adjusting their country strategy to align it with the Growth and Poverty Reduction Strategy Paper (GPRSP) for 2007‐11. Despite these encouraging results, Mali needs to reinforce its implementation of structural reforms so as to consolidate revenues, control expenditures and accelerate economic growth.This will involve, amongst other measures, restraining tax exemptions, and privatising the Compagnie malienne pour le d√©veloppement des textiles (CMDT) and √Čnergie du Mali (EDM).
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Document Type: Review Article

Publication date: May 1, 2008

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