Mali

Statement at the Conclusion of an IMF Mission to Mali

Press Release No. 10/427
November 11, 2010

A mission from the International Monetary Fund (IMF) visited Mali during October 28-November 10, 2010 to conduct discussions on the fifth review of the three-year arrangement under the Extended Credit Facility (ECF). The team met with Modibo Sidibé, Prime Minister; Sanoussi Touré, Minister of Economy and Finance; Lassine Bouaré, Minister of Budget; further ministers; Oumar Ly, National Director, Central Bank of West African States; and representatives from the National Assembly, civil society, unions, and the private sector.

At the conclusion of the mission, Christian Josz, IMF Mission Chief for Mali, issued the following statement:

IMF Executive Board Concludes 2010 Article IV Consultation with Mali

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Public Information Notice (PIN) No. 10/96

July 23, 2010 -- Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.

World Bank, Others Provide US$160 Million to Boost Agriculture in Mali

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photo by Alexbip / Flickr

Press Release No:2010/453/AFR

WASHINGTON, June 3, 2010 – The Government of Mali will benefit from a multi-donor investment of US$160 million to increase the productivity of smallholder agricultural and agribusiness producers and to increase the use of sustainable land and water management (SLWM) practices.

Statement of the IMF Mission at the Conclusion of its Visit to Mali

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Press Release No. 10/147

April 13, 2010 -- An International Monetary Fund (IMF) mission, led by Mr. Xavier Maret, traveled to Mali from March 24 through April 6. The mission met with the Prime Minister, Mr. Modibo Sidibé, the Minister of Economy and Finance, Mr. Sanoussi Touré, the Minister of Budget, Mr. Lassiine Bouaré, and several other ministers, as well as senior officials of the Central Bank of West African States (BCEAO) and representatives of the parliament, the private sector, the civil society, and the donor community. The mission held discussions for the 2010 Article IV consultation and the fourth review of the program supported by the Fund’s Extended Credit Facility (ECF).

At the conclusion of the mission, Mr. Maret issued the following statement in Bamako:

UN agency expands credit farming scheme in West Africa

12 April 2010 – The United Nations Food and Agriculture Organization (FAO) said today that its credit-based farming project in Niger has been so successful that the agency plans to scale it up and expand into Burkina Faso, Mali and Senegal, which are also suffering food shortages.

“It shows that growing more food is not the only way of increasing poor farmers’ food security. Simple, storage-based credit systems can also play an important role in improving their livelihoods,” said FAO rural finance expert Ake Olofsson in a statement released today.

UNICEF issues warning about malnutrition crisis in Africa’s Sahel region

9 April 2010 – Tens of thousands of children are at risk of severe malnutrition in Niger and neighbouring countries unless donors urgently provide more funds for humanitarian programmes, the United Nations Children’s Fund (UNICEF) warned today.

Christiane Berthiaume, a spokesperson for the agency in Geneva, told reporters that UNICEF was very concerned that the ongoing drought in much of the Sahel region of Africa has created a food crisis that is jeopardizing the health of the region’s most vulnerable children.

Already an estimated 859,000 children under the age of five in Burkina Faso, Mauritania, Mali, Niger, northern Nigeria and Chad are classified as needing treatment for severe malnutrition, she said.

IMF Executive Board Completes Third Review Under ECF Arrangement for Mali

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Press Release No. 10/23
February 3, 2010

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Mali’s economic performance under a program supported by the Extended Credit Facility (ECF)1. The Board’s decision allows the government to request a further disbursement amounting to SDR 2 million (about US$3.1 million), which would bring total disbursements to Mali to SDR 21.99 million (about US$34.1 million).

The Executive Board also approved the authorities' request for a modification of performance criteria related to the domestic financing of the budget for end-December 2009.

The ECF arrangement with Mali was approved on May 28, 2008 (see Press Release No. 08/126) for an amount of SDR 27.99 million (about US$45.7 million).

Improved Ways to Prevent the Desert Locust in Mauritania and the Sahel

NOUAKCHOTT, January 7, 2009—It is early December 2009 and team members at the National Center for Locust Control are clapping their hands in delight. They have been able to control at a very early stage a major locust outbreak that could have affected food security in Africa’s Sahel region and the livelihood of its vulnerable communities.

“After years of hard work, the CNLA has finally reached the level of preparedness needed to successfully control locust emergencies and prevent the situation from worsening,” said Amadou Oumar Ba, the World Bank’s task team leader on the Africa Emergency Locust Project in Mauritania.

IFAD makes US$25.04 million loan to Mali to consolidate microfinance services for poor rural people

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Rome, 1 December 2009 – A US$25.04 million loan from IFAD to the Republic of Mali will fund an innovative programme to build on the strengths and successes of existing rural microfinance networks to help them expand their reach and ensure their sustainability over time.

The Rural Microfinance Programme will support three networks created during the implementation of IFAD-supported projects, which have now grown to comprise some 94 credit unions. It will help restructure the networks where needed and identify new products to meet the needs of poor rural people, in particular women and young people.

The loan agreement for the programme was signed in Rome on 20 November by Gaoussou Drabo, the Ambassador of Mali to Italy, and Kanayo F. Nwanze, President of IFAD.

25th Food Crisis Prevention Network Meeting

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12/08/2009 00:00
12/11/2009 00:00
Indian/Antananarivo

At the invitation of H.E. Amadou Toumani Touré, President of the Republic of Mali
Bamako (Mali), Hôtel Azalaï Salam
8-11 December 2009

On the occasion of its 25th anniversary, the Food Crisis Prevention Network (RPCA) focuses on “Markets, Local Product, Processing and Food Security”. Network members will also discuss the agricultural, food and nutritional situation of the agricultural campaign 2009/2010 to draft policy recommendations for decision-makers to better prevent and manage food crises.

The RPCA

Date: 
Tuesday, December 8, 2009 - Friday, December 11, 2009
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