Mali : Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; and Press Release on the Executive Board Consideration

1MLIEA2006005 Image
Price:  $15.00

Release Date: © August, 2006
ISBN : 978-1-45182-646-3
Stock #: 1MLIEA2006005
Stock Status: On back-order

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Description

Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as rising international gold prices that would boost tax revenues and accelerate the mining sector’s exploration and production capacity. Plans to strengthen the management of both tax exemptions and reimbursements will address tax administration weaknesses. In the banking sector, nonperforming loans rose from 20 percent to 28 percent of total loans.

Taxonomy

Economic policy , Fiscal policy , IMF governance and operations , Inflation , Monetary policy , Operations , Performance Criteria , Stand-by Arrangements




More publications in this series: IMF Staff Country Reports