International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Mar 24, 2023

International Monetary Fund (IMF) Staff Completes 2023 Article IV Mission to Mali

The acute security challenges facing the country are ongoing, with a direct impact on food insecurity

An International Monetary Fund (IMF) team, led by Ms. Wenjie Chen, conducted discussions virtually on the 2023 Article IV consultation with Mali from March 6 to March 17, 2023. The mission held constructive discussions with a broad range of counterparts including the government and private sector to exchange views on…

Source: International Monetary Fund (IMF) | Oct 31, 2020

Mali: International Monetary Fund (IMF) Executive Board extends Immediate Debt Service Relief for another Six Months

Relief on debt service will free up scarce financial resources to continue strengthening the country’s medical care capacity and addressing the social and economic fallout from the COVID-19

On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting; the relief on debt service will free up scarce financial resources to continue strengthening the…

Source: International Monetary Fund (IMF) | Apr 30, 2020

Coronavirus - Mali: IMF Executive Board Approves a US$200 Million Disbursement to Mali to Address the COVID-19 Pandemic

This assistance will help support urgent spending on health services and assistance to affected firms and households, while preserving overall social spending

The IMF approved a disbursement of US$200 million under the Rapid Credit Facility to help Mali meet urgent balance-of-payments and fiscal needs stemming from the COVID-19 pandemic; This assistance will help support urgent spending on health services and assistance to affected firms and households, while preserving overall social spending; The…

Source: International Monetary Fund (IMF) | Dec 02, 2019

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) | Jun 26, 2019

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) | Dec 11, 2018

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) | Apr 27, 2018

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) | Nov 16, 2017

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) | Jul 10, 2017

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) | May 12, 2017

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…

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