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Mali : Request for a Three-Year Arrangement Under the Extended Credit Facility, Staff Report, Informational Annex, Staff Statement, Press Release on the Executive Board Consideration, and Statement by the Executive Director for Mali.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF country report, no. 13/380.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
"Mali is emerging from the worst security and political crisis in its recent history. Progress in political normalization to date has been encouraging: a successful presidential election, formation of the new government and the legislative elections have demonstrated Mali's commitment to its democratic tradition. The economy is on the mend as donor assistance and business confidence are gradually returning. But  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print Version:
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 9781475522990 1475522991
OCLC Number: 867654686
Notes: Title from PDF title page (IMF Web site, viewed Jan. 7, 2013).
"December 20, 2013."
"December 3, 2013"--Page 2 of pdf.
Description: 1 online resource (107 pages) : color illustrations.
Contents: Cover; CONTENTS; BACKGROUND, RECENT DEVELOPMENTS, AND OUTLOOK; FIGURES; 1. Macroeconomic Developments, 2009-16; BOXES; 1. International Assistance for Mali; FROM RECOVERY TO STRONG AND INCLUSIVE GROWTH; A. Supporting Macroeconomic Stability by Prudent Fiscal Policy Aligned with the Growth Enhancing and Poverty Reduction Strategy; 2. Mali: Growth and Poverty Reduction Strategy Paper (G-PRSP) and Plan for Sustainable Recovery (PRED); B. Strengthening Public Financial Management; 3. IMF Technical Assistance in Support of the ECF Arrangement. 4. Mali and Selected Sub-Saharan Countries: Tax Revenue PotentialC. Improving the Business Environment to Foster Private Sector Development; 2. The Most Problematic Factors for Doing Business, 2013; PROGRAM MODALITIES AND RISKS; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2011-16; 2. National Accounts, 2011-16; 3. Central Government Consolidated Financial Operations, 2011-16 (in billions FCFA); 4. Central Government Consolidated Financial Operations, 2013 (in CFAF billions); 5. Central Government Consolidated Financial Operations, 2011-16 (in percent of GDP). 6 Central Government Operations, GFSM 2001 Classification 2011-167. Balance of Payments, 2011-16; 8. Monetary Survey, 2011-16; 9. Financial Soundness Indicators for the Banking Sector, 2008-13; 10. Proposed Schedule of Disbursements Under the Proposed ECF Arrangement, 2013-16; 11. Indicators of Capacity to Repay the Fund, 2013-22; 12. Millennium Development Goals 1990-2011; APPENDIX; I. Letter of Intent; THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY; Attachment I-Memorandum on Economic and Financial Policies; Attachment II-Technical Memorandum of Understanding; CONTENTS. Relations with the fundjoint management action plan implementation; statistical issues.
Series Title: IMF country report, no. 13/380.

Abstract:

"Mali is emerging from the worst security and political crisis in its recent history. Progress in political normalization to date has been encouraging: a successful presidential election, formation of the new government and the legislative elections have demonstrated Mali's commitment to its democratic tradition. The economy is on the mend as donor assistance and business confidence are gradually returning. But formidable challenges remain. On the political front, the government needs to consolidate peace and promote national reconciliation after the traumatic events of 2012. At the same time, it is striving to support a nascent economic recovery, maintain macroeconomic and financial stability, and restart the economic reform agenda. Request for an arrangement under the Extended Credit Facility: The authorities request Fund assistance under an ECF arrangement in an amount equivalent to SDR 30 million (about 32 percent of quota) in support of their medium-term program to reduce balance-of-payments vulnerabilities and lay foundations for stronger, more inclusive growth. Their reform efforts are focused on tax policy and revenue administration, public financial management and improving the business environment. Main policy recommendations: Implement an effective fiscal framework in 2014. Ensure effective deployment of donor aid toward priority spending. To help the economy's recovery, clear existing domestic arrears and keep the recourse to domestic borrowing to a minimum. Keep foreign borrowing in line with debt sustainability. Step up public financial management reforms. Increase tax revenues by 0.5 percent of GDP a year by enforcing tax compliance, broadening the tax base and streamlining tax administration; strengthen treasury management and internal control to avoid emergence of new arrears. Accelerate reforms to improve business environment. Tackle weak governance; shore up financial sector stability and promote its development; and reform electricity and petroleum product pricing to protect the government budget and restore the electricity company's financial integrity"--Abstract.

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