Mali 

Mali country policy

Policy established 30 March 2010

• The country ceiling is 1000 mln euro
• Early warning signal 100 mln euro
• - of which was used as at 2011-12-31 5 mln euro
• Public buyers: ORIO facility

Country class: 6

garantie centrale overheid (voorwaardelijk)

guarantee central government preferred

Mali country facts

Atradius Dutch State Business Economic Research
Country Report last updated :  21 January 2010
Country :  MALI 

Political Situation
Increasing Security Threat In North

Head of state
President Amadou Toumani Touré (since June 2002, re-elected in 2007).

Form of government
Pro presidential coalition, Alliance pour la démocratie et le progrès (ADP) with Prime Minister Modibo Sidibé (since September 2007).

Member of
UN, IMF, IBRD, Franc Zone, ECOWAS, OAU, WTO.

Internal Economic Situation
Economic Growht To Accelerate

General situation
In 2010 economic growth will accelerate to 4.5% from 4.0% last year. Main support comes from public investments in infrastructure (construction). Also good performance in the agriculture sector as the government invested heavily in this sector to reduce dependence on food imports. Gold is main export product, but main mines have slipped into decline and it is expected that production will decline. Therefore economic growth will be constrained over the medium term. Inflation declined sharply from high of 9.2% in 2008 to 3.0% last year as food and oil prices are much lower. Expected is an inflation of 3.5% this year.

External economic situation

Main sources of foreign exchange
Gold, cotton and livestock.

Main foreign markets
China (27%), Thailand (11%), Denmark (6%).

Main expenses of foreign exchange
Capital goods (30% of imports), food (16%), fuel and energy (11%), construction materials and textiles.
 
Balance of payments 
Despite record high prices for gold Mali is showing relatively high deficits on CA as imports and transport costs related to imports (services account) rise harder. Mali is very dependent on concessional lending.