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Mali
On the basis of the authorities’ record and actions, IMF staff supports the authorities’ request for waivers of two structural performance criteria and one quantitative performance criterion and completion of the sixth review. The authorities completed most of their ambitious structural reform agenda for the sixth poverty reduction growth facility (PRGF) review, albeit with some delays. To enhance the efficiency and soundness of the financial sector and boost growth, the authorities completed a new financial sector development strategy in October, in cooperation with the IMF and the World Bank.
Mali
This paper discusses Mali’s First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria (PC), and Request for Modification of PC. Economic recovery is under way but remains fragile. The buildup of the large-scale donor support has been hampered by serious lapses in public financial management (PFM), which raised governance concerns. With remedial measures now in place to address the PFM weaknesses, the program remains on track. The authorities are requesting waivers for PC on: tax revenue and nonconcessional borrowing. The IMF staff recommends conclusion of the first and second program reviews.
Current Background
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Mali
Mali has been hit by several large shocks in the past three years, including two coups d’état, the COVID-19 pandemic, acute security challenges and a cost-of-living crisis triggered by Russia’s invasion of Ukraine. A strict embargo in the first half of 2022 by regional partners restricted the government and private sector’s international economic transactions. Despite that embargo, GDP growth was estimated to be 3.7 percent in 2022. Inflation peaked at almost 15 percent in mid-2022—resulting in an increase in extreme poverty and heightened food insecurity—but has since decelerated, with inflation in March 2023 at 7.5 percent. The BCEAO regional central bank raised its policy rate to 3 percent in February 2023, a 100-basis point cumulative increase since June 2022.
Strategic Failure
Critically profiles American military power during Barack Obama's presidency, arguing that the downsizing of armed forces has lowered the nation's defensive capabilities.
Africa
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National Ownership and Security Sector Reform in Mali
Karoline Eickhoff provides an in-depth analysis of the role that national ownership as a key policy principle of international development and peacebuilding plays in shaping the discourses and practices of external interventions in the context of the peace process in Mali. Engaging critically with the day-to-day work experience and perceptions of practitioners working on supporting the reform of the Malian security sector in 2015-2016,the author explores how external actors ‘make sense’ of an abstract policy model vis-à-vis other organisational demands and constraints arising at the field level. This book concludes with policy recommendations on how the gap between ownership policy and external actors’ field-level practices can be addressed.
Terrorism and Political Violence in West Africa: a Global Perspective
While it could be arguably stated that West Africa has achieved remarkable and sustainable progress in the areas of democratic governance and economic growth, the sub-region, over the past few years, has been challenged by terrorism and other transnational security threats. Innocent civilians are continuously killed; security operatives and providers of humanitarian assistance targeted; properties and infrastructure wantonly destroyed; thus culminating in significant displacement of people and acute poverty. If these developments are not carefully and timeously addressed, they are capable of eroding progress so far recorded. It is against this background, that this Thesis undertakes a study of the different manifestations of terrorism and related transnational security challenges in West Africa, to explore the internal and external sources and drivers of instability; establish the linkages between terrorism and transnational threats; examine the various steps taken in recent time to strengthen the sub-regions capacity to prevent and address the menace of terrorism and other security challenges, and make necessary policy recommendations based on comprehensive best practices.
Mineral Trade Notes
A monthly inventory of information from U.S. Government Foreign Service offices and other sources that may not otherwise be made available promptly.
