Mali: Staff Report for the 2005 Article IV Consultation, Second and Third Reviews Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria

Volume/Issue: Volume 2006 Issue 073
Publication date: March 2006
ISBN: 9781451826425
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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Public Policy - Social Services and Welfare , ISCR , CR , IMF economist , government , IMF's appraisal , debt ratio , NPV , IMF's articles of agreement , PRGF loan , government divestiture , Poverty reduction strategy , Agricultural commodities , Fiscal space , Poverty reduction , West Africa

Summary

This paper discusses Mali’s 2005 Article IV Consultation and Second and Third Reviews Under the Poverty Reduction and Growth Facility (PRGF). The PRGF-supported program is broadly on track. Performance on quantitative aspects remains strong. Although the record on the structural program has been disappointing, the program for 2006 would mark significant progress on addressing key challenges. The IMF staff supports the authorities’ request for completion of the second and third reviews under the arrangement and waivers for nonobservance of three structural performance criteria.