The Embassy of Mali

Economic Policies

Mali’s economy is characterized by its openness. Since 1992, Mali has been implementing various reform programs that resulted in significant progress in the liberalization of the economy, reduction of macroeconomic imbalances and the restoration of conditions for sustainable economic growth.  The Gross Domestic Product (GDP) has been growing in real terms: 7.6% in 2003; 2.2% in 2004 and 5.4% in 2005. Inflation has been brought under control: -1.3% in 2003, -3.1% in 2004.
At the level of public finance, the positive growth of budgetary incomes combined with a better control over spending helped reduce the overall budget deficit, excluding grants.

-Fiscal Policy: Import duties on many goods have been reduced or eliminated, although some taxes have been re-instated on a case-by-case basis. Customs duties are being harmonized with the other members of UEMOA. Duty-free importation of capital equipment is allowed.

-Monetary & Exchange Policy:
Mali has been enjoying excellent relations with the World Bank (WB) and the International Monetary Fund (IMF). Under the poverty reduction agenda, the World Bank has been financing many programs in the education, health, urban development, electricity production and water supply sectors. Following the country’s good performance, the World Bank and the International Monetary Fund declared Mali to be eligible for the cancellation of the debt of the heavily indebted poor countries.

For more info:
National Directorate in charge of Trade and Competitiveness: http://www.maliexport.com/maliportal