Mali: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 088

Publication date: March 2006

ISBN: 9781451826432

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , price , Mali , expenditure , TFP growth , exchange rate competitiveness , policy reform option , reducing spending , expenditure effect , RER deviation , Fiscal space , Total factor productivity , Inflation , Oil prices , Fuel prices , West Africa , Global , Africa , East Asia

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Summary

This Selected Issues paper assesses the distributional effects of increased fuel prices on Mali. The paper applies cointegration analysis to simulate the evolution of Mali’s long-term equilibrium real exchange rate during the period 1982–2004. It assesses the impact of structural reforms on Mali’s aggregate output growth, using a growth accounting framework that disaggregates output growth into factor accumulation and total factor productivity (TFP). The paper also explores the scope for creating and using fiscal space over the medium term under a range of illustrative policy scenarios.