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

Volume/Issue: Volume 2006 Issue 310
Publication date: August 2006
ISBN: 9781451826463
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
French
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , PRGF loan , PRGF-supported program , SDR , stabilization fund , debt relief , Agricultural commodities , Total expenditures , Current spending , West Africa

Summary

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.