Economy
Livestock breeding sector is the largest in West Africa>the country has the largest herds of cattle, sheep, and goats.
Natural Resources: Gold (second producer in Africa), Phosphates, Kaolin, Salt, Limestone, Uranium, Bauxite, Iron ore, Manganese. A good potential for Oil and natural gas has been confirmed. Some world-renowned exploration companies are currently on the ground.
Major Exports: Cotton, Gold, Livestock
Major Imports: Machinery and Equipment, Construction materials, Petroleum, Foodstuffs, Textiles;
Major Trading Partners: France, ECOWAS (Economic Community Of West African States ) countries, European Union, China, Italy, Thailand, the United States.
Banking & Finance:
The country has 12 local and international banks. In addition, there are 04 other financial institutions (Equip bail, SOMAFI, F.G.H.M and C.I SA) and 818 outlets in a network of 44 savings and loans associations. In the area of funds transfer, the banking sector has benefited from the introduction of two highly efficient services - Western Union and Money Gram.
Investment Climate and Incentives
Mali offers an attractive environment, conducive to private investment. Mali has indeed clearly opted for the promotion of a market economy, based on an open trading system with a limited intervention of government in the productive sectors. The effects of economic reforms and courageous policy, implemented in Mali, have resulted in a resumption of economic growth and an improved investment climate.
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