Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Mali on First Review under Extended Credit Facility (ECF) Arrangement

A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, visited Bamako during November 19-29, 2019

Economic growth is expected to reach 5 percent in 2019 and over the medium term, despite the challenging security situation, reflecting some resilience in the economy; The fiscal deficit is expected to meet the West African Economic and Monetary Union (WAEMU)’s convergence criteria of 3 percent of GDP in 2019;…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement with Mali on a New Economic and Financial Program Supported by the IMF under the Extended Credit Facility

Key objectives of the program include strengthening fiscal discipline and tax revenue mobilization through further revenue administration reforms

The Malian authorities and IMF staff reached a staff-level agreement on a new economic and financial program supported by the Extended Credit Facility (ECF). The new program is aimed at fostering strong and inclusive growth and poverty reduction through investment in infrastructure and social sectors, and stimulating jobs creation, notably…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board completes Tenth Review under the Extended Credit Facility Arrangement for Mali and approves US$43.85 Million Disbursement

Completion of the review enables the immediate disbursement of SDR 31.65 million, bringing total disbursements under the arrangement to SDR 186.6 million

The near term macroeconomic outlook remains favorable, although there are considerable downside risks from the fragile security conditions, commodity prices changes, and weather conditions; program implementation is broadly on track. On December 10, 2018, the Executive Board of the International Monetary Fund (IMF) completed the Tenth Review of Mali’s performance…

Source: International Monetary Fund (IMF) |

International Monetary Fund reaches Staff-Level Agreement with Mali on Ninth Review under ECF Arrangement

A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, held discussions with the Malian authorities in Washington DC from April 18–24 2018 on the ninth review of Mali’s economic and financial program supported by the IMF under the Extended Credit Facility (ECF)

Consideration by the IMF’s Executive Board will be combined with the 2018 Article IV and eighth review under the ECF tentatively scheduled for late May 2018. The authorities committed to continue actions that will enable them to achieve program objectives and reduce near- and medium-term vulnerabilities. Inflation is expected to…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Mali for ECF Review and Article IV Consultation

An International Monetary Fund (IMF) staff team led by Ms. Boriana Yontcheva visited Bamako from October 29 to November 12, 2017, to conduct discussions on the Eighth review of Mali’s economic and financial program supported by the Fund’s Extended Credit Facility (ECF), and the 2017 Article IV consultations

GDP growth remained robust, at 5.3 percent supported by good harvests and robust public spending. Inflation was subdued, well below the regional ceiling. The IMF staff and the authorities agreed on measures to maintain debt sustainability, while making space for financing the poverty reduction strategy. Reforms to improve governance and…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Seventh Review under the ECF Arrangement for Mali, Approves US$43.96 Million Disbursement, and Augments Access and Extends Arrangement

Mali’s economy continues to grow at a robust pace, with a projected GDP growth of 5.3 percent for 2017 and 5.0 for 2018

Completion of the review enables the disbursement of US$43.96 million to Mali. Executive Board approved the authorities’ request for a one-year extension of the ECF arrangement to December 17, 2018. Mali’s economy continues to grow at a robust pace, with a projected GDP growth of 5.3 percent for 2017 and 5.0…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Review Mission to Mali

Economic activity should remain strong in 2017, but risks are on the downside as security challenges and tighter financial conditions call for continued vigilance

The IMF team reached a preliminary agreement with the authorities on a set of policies that aims at completing the seventh Review under the ECF and the extension of the program by one year. Economic activity should remain strong in 2017, but risks are on the downside as security challenges…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Sixth Review Under Mali’s ECF and Approves US$25.8 Million Disbursement for Mali

The decision enables the disbursement of SDR19 million (about US$25.8 million), bringing total disbursements under the arrangement to SDR60 million (about US$ 1.3 million)

On December 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the sixth review of Mali’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement. The decision enables the disbursement of SDR19 million (about US$25.8 million), bringing total disbursements under the arrangement to…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Fifth Review Under the Extended Credit Facility and Approves US$26.9 Disbursement for Mali

On June 8, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the fifth review of Mali’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement. The Board’s decision enables the disbursement of SDR 19 million (about US$26.9 million), bringing total disbursements under the…

Source: International Monetary Fund (IMF) |

The IMF Regional Technical Assistance Center for West Africa Holds its Steering Committee Meeting

The IMF Regional Technical Assistance Center for West Africa (AFRITAC West) held the 26th session of its Steering Committee in Abidjan, Republic of Côte d’Ivoire, on May 4-5, 2016. During the meetings, the Committee endorsed the Center’s activities and financial reports for the fiscal year that ended in April 2016, adopted…