Mali: Sixth Review Under the Extended Credit Facility Arrangement and Request for Modification of a Performance Criterion-Press Release; and Staff Report

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2016 Issue 375

Publication date: December 2016

ISBN: 9781475559095

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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , IMF executive board Completes Sixth Review , executive board , debt , SDR19 , GDP , Mali's economy , fragile security situation , sustainability analysis , government plan , Debt sustainability analysis , Credit , Global , West Africa

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Summary

This paper discusses Mali’s Sixth Review Under the Extended Credit Facility Arrangement and Request for Modification of a Performance Criterion. Economic activity in Mali remains robust, aided both by higher public investment and accommodative monetary conditions. Inflation remains subdued, helped by favorable weather conditions and low global inflation. The external position has weakened, reflecting strong domestic demand growth, but is expected to strengthen in the near term as terms of trade improve and demand growth slows down. The near-term outlook remains positive but is subject to downside risks, stemming mainly from the fragile security conditions.