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Mali

Author(s):
International Monetary Fund
Published Date:
January 1996
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Table 1.Mali: Gross Domestic Product at Constant 1987 Prices, 1990–94 1/
19901991199219931994
Estimates
(In billions of CFA francs)
Primary sector306.0289.6333.6305.3325.1
Food crops139.5113.9156.3119.0142.9
Industrial crops 2/41.949.449.452.943.0
Livestock83.383.083.788.092.3
Fishing8. A9.59.49.49.8
Forestry32.833.834.836.037.1
Secondary sector92.3104.0109.2113.3114.5
Industry38.040.044.346.946.9
Mining11.114.215.515.416.2
Handicrafts16.717.516.116.816.9
Construction and public works26.532.433.334.334.5
Tertiary sector227.6226.4233.3240.7236.6
Transportation30.232.432.233.332.5
Trade106.3105.5113.1117.6116.8
Other services43.343.544.346.253.1
Public administration52.549.548.148.138.0
Other-4.6-4.6-4.6-4.6-3.8
GDP (at factor cost)625.9619.9676.1659.3676.2
Import taxes35.335.334.034.033.1
GDP (at market prices)661.2655.2710.1693.3709.3
(Annual percentage change)
Primary sector-1.2-5.415.2-8.56.5
Food crops-2.2-18.437.2-23.820.1
Industrial crops 2/-7.517.80.17.1-18.8
Livestock5.8-0.40.95.15.0
Fishing-24.812.7-1.44.4
Forestry2.93.03.23.33.2
Secondary sector6.812.75.03.81.0
Industry3.25.110.95.70.1
Mining53.527.69.2-0.65.1
Handicrafts2.84.7-7.64.10.8
Construction and public works1.422.32.73.00.6
Tertiary sector-0.6-0.53.13.2-1.7
Transportation1.17.3-0.43.3-2.5
Trade1.4-0.77.24.0-0.7
Other services3.60.51.94.214.8
Public administration-8.3-5.6-2.8-21.0
Other0.1-16.2
GDP (at factor cost)0.1-1.09.1-2.52.6
Import taxes6.70.1-3.7-2.7
GDP (at market prices)0.4-0.98.4-2.42.3
Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Includes cotton, groundnuts, tobacco, fruits, vegetables, and other.

Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Includes cotton, groundnuts, tobacco, fruits, vegetables, and other.

Table 2.Mali: Origin and Use of Resources, 1990–94 1/
19901991199219931994
Estimates
(In billions of CFA francs)
Gross domestic product674.5682.1753.5755.11,039.0
Consumption632.4634.7711.9702.5971.5
Public90.999.4101.097.4124.4
Private541.5535.3610.9605.1847.1
Domestic savings42.047.441.652.767.5
Investment151.4155.6165.0165.4275.3
Public69.582.771.570.3133.8
Private81.972.993.595.1141.5
Resource gap-109.4-108.2-123.4-112.7-207.8
Exports of goods and nonfactor services114.2119.8108.6117.8214.6
Imports of goods and nonfactor services-223.6-228.0-232.0-230.5-422.4
(In percent of GDP)
Gross domestic product100.0100.0100.0100.0100.0
Consumption93.893.194.593.093.5
Public13.514.613.412.912.0
Private80.378.581.180.181.5
Domestic savings6.26.95.57.06.5
Investment22.422.821.921.926.5
Public10.312.19.59.312.9
Private12.110.712.412.613.6
Resource gap-16.2-15.9-16.4-14.9-20.0
Exports of goods and nonfactor services16.917.614.415.620.7
Imports of goods and nonfactor services-33.1-33.4-30.8-30.5-40.7
Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Table 3.Mali: Agricultural Production, Marketing, and Official Producer Prices, 1989/90–1994/95 1/
1989/901990/911991/921992/931993/941994/95
Prel.
(In thousands of metric tons)
Production (gross)
Cotton265317313367246294
Groundnuts155178184127148215
Millet/sorghum/maize1,7981,4651,9171,3771,7681,966
Paddy rice337282454410428469
Marketing 2/
Cotton231276273319240277
Groundnuts83739
Millet/sorghum/maize169491131
Paddy rice6022472892
(In CFA francs per kilogram)
Official producer prices
Cotton 3/8585858585125
Paddy rice 4/707070707898
Source: Data provided by the Malian authorities.

The crop year is April/March; the marketing year is November/October.

Official agencies.

Floor price of first quality cotton.

The official producer price of paddy rice was abolished starting with the 1988/89 crop season. The prices quoted are those offered by the Office du Niger only.

Source: Data provided by the Malian authorities.

The crop year is April/March; the marketing year is November/October.

Official agencies.

Floor price of first quality cotton.

The official producer price of paddy rice was abolished starting with the 1988/89 crop season. The prices quoted are those offered by the Office du Niger only.

Table 4.Mali: Cereals—Cultivated Area and Rainfall, 1989/90–1993/94
Average1989/901990/911991/921992/931993/94
Est.
(In thousands of hectares)
Cultivated area
Millet/sorghum1,4141,6832,0221,6851,9942.377
Deviation 1/(19)(43)(19)(41)(68)
Maize96124170186192257
Deviation 1/(29)(77)(94)(100)(167)
Paddy rice158198197209196246
Deviation 1/(25)(25)(32)(24)(56)
(In millimeters: April-October) 2/
Rainfall
Millet/sorghum756554645636649553
Deviation 3/(-27)(-15)(-16)(-14)(-27)
Maize8879889401,3461,3821,148
Deviation 3/(11)(6)(52)(56)(29)
Paddy rice597454501376425358
Deviation 3/(-24)(-16)(-37)(-29)(-40)
Sources: Data provided by the Malian authorities.

Deviation in percent from the annual average of the 1960–88 period.

The rainfall is measured for the specific area where each cereal is grown.

Deviation in percent from the annual average of the 1960–82 period.

Sources: Data provided by the Malian authorities.

Deviation in percent from the annual average of the 1960–88 period.

The rainfall is measured for the specific area where each cereal is grown.

Deviation in percent from the annual average of the 1960–82 period.

Table 5.Mali: Quarterly Retail Prices for Cereals, 1990–95 1/(In CFA francs per kilogram)
Millet/SorghumMaizeRice (RM 40)
Annual averages
199090.982.0196.3
199189.081.3207.0
199276.574.3188.3
199381.576.0185.0
199477.375.5218.8
1990
I70.068.0179.0
II80.574.0184.0
III102.091.0202.0
IV111.095.0220.0
1991
I101.091.0220.0
II95.080.0208.0
III80.080.0200.0
IV80.074.0200.0
1992
I75.076.0191.0
II75.075.0189.0
III76.075.0189.0
IV73.071.0184.0
1993
I72.769.3183.0
II78.572.7181.7
III94.387.0188.0
IV81.373.0188.7
1994
I76.072.0195.0
II76.574.0206.0
III78.079.0234.0
IV78.577.0240.0
1995
I88.098.0227.0
II91.5112.0264.0
Source: Data provided by the Malian authorities.

Free market prices represent the average of prices prevailing in the 13 markets of Bamako.

Source: Data provided by the Malian authorities.

Free market prices represent the average of prices prevailing in the 13 markets of Bamako.

Table 6.Mali: Office du Niger—Indicators of Activity, 1989/90–1993/94
Cultivated landProduction
RicePaddy rice
HarvestedMarketed by ON
(In hectares)(In metric tons)
1989/9044,207125,02556,563
1990/9145,168130,67018,166
1991/9246,034183,41842,418
1992/9344,843208,54127,000
1993/9445,442210,0001/
Source: Data provided by the Malian authorities.

The marketing of rice by the Office du Niger has stopped since the 1993/94 crop year, following the reform of the institution.

Source: Data provided by the Malian authorities.

The marketing of rice by the Office du Niger has stopped since the 1993/94 crop year, following the reform of the institution.

Table 7.Mali: Implementation of the Public Investment Program, 1990–94 1/
Implementation
199019911992199319941990–94
(In billions of CFA francs)(In percent of

programmed amount)
Rural development25.827.629.927.844.171.3
Agriculture20.721.724.922.535.875.1
Livestock1.62.92.32.53.543.5
Fisheries0.20.10.1100.0
Forestry3.32.82.62.84.775.2
Secondary sector16.49.49.16.623.168.6
Mines and geology1.10.50.60.81.158.8
Water6.93.16.13.514.570.5
Energy7.85.22.42.27.369.4
Industry and handicrafts0.60.40.10.250.0
Tourism33.3
Infrastructure16.99.813.117.820.871.2
Roads10.65.27.611.18.974.4
Railroads0.10.11.20.51.675.9
Water transport0.40.110.0
Air transport and metereology0.30.50.90.80.758.0
Post and telecommunications2.32.31.01.21.973.1
Surveying and mapping0.166.6
Buildings and equipment0.90.50.92.45.6130.5
Urban development and housing1.51.11.41.72.050.0
Transport and storage0.90.131.0
Human resources12.89.110.913.633.889.3
Employment0.71.21.33.04.298.1
Education2.71.74.33.07.682.4
Sports, arts, and culture0.50.30.20.10.4116.7
Health7.24.53.54.011.082.8
Information0.50.50.50.61.0119.2
Administration1.20.91.12.99.6102.7
Total71.955.963.065.8121.873.9
Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Table 8.Mali: 1994 Investment Budget and 1995–97 Public Investment Program 1/2/(In billions of CFA francs)
19941995199619971995–97
Rural development56.767.161.437.5166.0
Agriculture41.153.548.330.7132.5
Livestock8.87.47.72.317.4
Fisheries0.10.10.2
Forestry6.86.15.3A.515.9
Secondary sector21.727.424.416.468.2
Mines1.91.41.10.63.2
Water11.712.110.97.430.4
Energy8.013.612.18.234.0
Industry0.10.10.10.3
Tourism0.10.10.20.10.4
Infrastructure21.830.133.915.779.7
Roads10.820.526.28.655.3
Railroads1.82.64.96.213.7
Air transport1.20.80.31.1
Post & telecommunications2.62.80.53.3
Surveying0.10.10.1
Buildings3.52.71.70.44.8
Urban development1.80.30.3
Transport and storage0.20.30.51.0
Human resources36.142.733.726.0102.4
Employment5.03.63.67.2
Education9.09.58.17.425.1
Sports, arts0.40.30.10.4
Health11.516.617.816.450.8
Information0.81.01.80.93.8
Administration9.411.52.31.315.1
Total136.4167.3153.495.6416.3
Financing136.4167.3416.3
External financing112.5140.8358.1
Loans56.074.2185.3
Grants56.566.6172.8
Domestic financing23.926.558.2
Budget17.620.040.5
Self-financing5.05.214.3
Other1.21.33.3
Source: Data provided by the Malian authorities.

Data differ from those included in tables on Government Financial Operations, as an implementation rate of less than 100 percent is assumed in the projections.

Data may not add up because of rounding.

Source: Data provided by the Malian authorities.

Data differ from those included in tables on Government Financial Operations, as an implementation rate of less than 100 percent is assumed in the projections.

Data may not add up because of rounding.

Table 9.Mali: Livestock Exports, Slaughtering, and Herd Size, 1990–94(In thousands of head)
19901991199219931994 1/
CattleSheep and goatsCattleSheep and goatsCattleSheep and goatsCattleSheep and goatsCattleSheep and goats
Exports133410190410195450205272440738
Controlled55122431645921341128176340
Uncontrolled78288147246136237164144264398
Slaughtering4021,7854251,9805552.0135281,9505311.912
Controlled161357169336193335185312186306
Uncontrolled2411,4282561,6443621,6783431,6383451,606
Estimated herd size
(end of period)4,99612,1725,09210,8995,24511,4505,38011,9545,54112,552
Memorandum items:
Net birth rate7052,8257113,1179033,0148682,7261,1323,248
Offtake rates (in percent)9.715.310.815.612.517.712.015.714.917.4
Source: Data provided by the Malian authorities.

Provisional data.

Source: Data provided by the Malian authorities.

Provisional data.

Table 10.Mali: Index of Industrial Production, 1990–94
19901991199219931994
Prel.
(1983 - 100)
Chemicals and construction materials145.6115.3120.7114.0114.6
Energy and machinery169.9171.0180.0158.6181.7
Food processing143.5124.4150.6133.8177.2
Textiles137.2109.2155.0129.3129.6
Overall index145.3125.0153.6133.9155.5
(Percentage change)
Chemicals and construction materials7.1-20.84.7-5.60.5
Energy and machinery12.10.65.3-11.914.6
Food processing20.1-13.321.1-11.232.4
Textiles11.5-20.441.9-16.60.2
Overall index14.4-14.022.9-12.816.1
Source: Data provided by the Malian authorities.
Source: Data provided by the Malian authorities.
Table 11.Mali: Quarterly Index of Consumer Prices in Bamako, 1992–95(July 1986–June 1987 - 100)
1992199219931993199419941995
IIIIIIIV(Annual)IIIIIIIV(Annual)IIIIIIIV(Annual)III
Food103.9101.1101.999.6101.696.099.5105.9101.5100.5114.2123.7137.1135.2127.6132.1145.2
Clothing102.2105.1105.8104.8104.5104.4103.8102.3102.5103.3114.0119.3127.7129.6122.6137.7147.3
Housing, water, and energy113.1108.7115.1119.6114.1115.1115.5116.8112.8115.2121.5124.9126.5129.6125.6131.8131.7
Furniture and household articles116.6116.6116.5115.4116.3114.8115.0115.2114.8114.9128.9138.1137.9138.4135.8138.2141.2
Health108.4108.4108.4108.4108.4108.1106.1103.6103.8105.4125.6137.8142.8144.6137.7147.8150.8
Transport and communications108.1108.0107.7107.5107.8107.4107.6107.9107.9107.7128.9146.7151.1153.0139.8153.1154.4
Leisure and entertainment118.8121.8127.5127.5123.9127.4126.1123.8123.8125.3129.7141.5148.3149.5142.3150.9149.6
Other goods and services120.7121.6114.0114.0117.6112.2113.4115.8115.9114.3134.5141.2151.8152.7145.1152.8155.1
Total 1/105.2104.9105.1104.2104.8102.0104.0107.0104.1104.2118.6128.2137.9137.7130.6136.9146.4
Source: Data provided by the Malian authorities.

Weighted total.

Source: Data provided by the Malian authorities.

Weighted total.

Table 12.Mali: Evolution of Minimum Wages and Salaries in the Public Sector, 1990–94(In CFA francs per month)
19901991199219931994
Mar.Apr.Oct.
Contractual workers
Minimum wage for unskilled
agricultural workers (SMAG)11.69018.19018.19018.19019.97021.015
Basic wage8,4408,4408,4408,44010,22011,265
Special allowance1,0001,0001,0001,0001,0001,000
Cost of living allowance2,2502,2502,2502,2502,2502,250
Solidarity allowance6,5006,5006,5006,5006,500
Minimum wage for unskilled
workers outside agriculture (SMIG)12.73019.23019.23019.23020.35020.965
Basic wage9,4039,4039,4039,40310,52311,138
Special allowance1,0001,0001,0001,0001,0001,000
Cost of living allowance2,2502,2502,2502,2502,2502,250
Adjustment of March 1980777777777777
Solidarity allowance6,5006,5006,5006,5006,500
Government employees
Grade 10025.02531.52531.52531.52532.60033.800
Base salary22,52522,52522,52522.52523,60024.800
Housing allowance1,5001,5001,5001,5001,5001,500
Special allowance1,0001,0001,0001,0001,0001,000
Solidarity allowance6,5006,5006,5006,5006,500
Grade 31669.36871.36871.36871.36878.07681.863
Base salary67,86867,86867,86867,86874,57678,368
Housing allowance1,5001,5001,5001,5001,5001,500
Solidarity allowance2,0002,0002,0002,0002,000
Grade 650141.103143.103143.103143.103156.900164.700
Base salary139,603139,603139,603139,603153,400161,200
Housing allowance1,5001,5001,5001,5001,5001,500
Solidarity allowance2,0002,0002,0002,0002,000
Source: Data provided by the Malian authorities.
Source: Data provided by the Malian authorities.
Table 13.Mali: Evolution of Employment in the Central and Regional Governments and the Public Enterprise Sector, 1990–94
19901991199219931994 1/
Central and regional governments49,55545,49838,05236,05532,719
Civil servants39,44036,21233,06331,69029,141
Contractual employees and other10,1159,2864,9894,3653,578
Public enterprises 1/2/7,0766,4554,1853,3053,541
Source: Data provided by the Malian authorities.

COMANAV, COMATEX, EDIM, EDM, EMAMA, Grand Hotel, ITEMA, FRUITEMA, OERHN, PPM, SEMA, SEPAMA, SMECMA, SOCAM, SOCIMA, SONATAM, TAMALI, UCEMA, and ULB. (These acronyms are defined in Appendix II).

Employees only reported if respective company is still under government control (see also Table 14).

Excluding 2,129 employees of semi-public institutions no longer on the civil service payroll.

Source: Data provided by the Malian authorities.

COMANAV, COMATEX, EDIM, EDM, EMAMA, Grand Hotel, ITEMA, FRUITEMA, OERHN, PPM, SEMA, SEPAMA, SMECMA, SOCAM, SOCIMA, SONATAM, TAMALI, UCEMA, and ULB. (These acronyms are defined in Appendix II).

Employees only reported if respective company is still under government control (see also Table 14).

Excluding 2,129 employees of semi-public institutions no longer on the civil service payroll.

Table 14.Mali: Net Operating Results of Major Public Enterprises, 1990–94 1/(In millions of CFA francs: end of period)
EnterpriseActivity19901991199219931994
EDMElectricity and water-951.2-1,266.9-126.61,057.93,130.3
SONATAMTobacco and matches1,466.1-273.6209.452.079.5
OERHNDam on the Niger River984.2-425.7899.51,531.0-95.1
PPMPharmaceutical sales637.7594.6201.855.4-85.3
SEMAPublic works15.9-93.9-75.821.785.2
TAMALITannery17.92/
EMAMAMaintenance-102.0-82.8-83.6-39.5-51.3
ITEMATextiles-212.9-765.1-496.03/
COMATEXTextiles154.12/
UCEMACeramics56.92/
SMECMAAgricultural equipment-151.92/
COMANAVInland water transport-184.3-449.5-222.3-413.2-488.0
RCFMRailways185.6-1,359.3-73.6-239.044.5
OPTPost and telecommunications-899.74/
Sources: Data provided by the Malian authorities; and staff estimates.

The list of the acronyms of the enterprises is given in Appendix II.

Enterprise privatized.

Activity interrupted.

Enterprise split into three entities.

Sources: Data provided by the Malian authorities; and staff estimates.

The list of the acronyms of the enterprises is given in Appendix II.

Enterprise privatized.

Activity interrupted.

Enterprise split into three entities.

Table 15.Mali: Consolidated Government Operations, 1990–94 1/
19901991199219931994
(In billions of CFA francs)
Revenue and grants155.7165.8154.3146.7236.7
Revenue116.1109.6100.7104.7138.9
Budgetary revenue75.096.389.194.0126.0
Tax revenue 2/65.982.478.183.7103.2
Nontax revenue9.113.911.010.322.8
Special funds and annexed budgets 2/41.113.311.610.712.9
Grants39.656.253.642.097.8
Expenditure173.7192.3183.4177.3280.1
Budgetary expenditure136.0169.8161.8161.2268.4
Current expenditure66.582.086.088.1132.1
Personnel38.242.441.540.944.5
Scholarships3.24.55.04.84.2
Interest 3/4/12.213.412.223.9
Other expenditure25.122.926.130.259.5
Development, PESAP, VDP, and NP 5/69.587.875.873.1136.3
Development expenditure61.969.565.567.5128.7
Externally financed57.564.560.058.5115.0
Loans28.731.229.028.560.0
Grants28.833.331.030.055.0
Domestically financed4.45.05.59.013.7
PESAP and public enterprise reform7.613.26.02.85.1
Voluntary departure program (VDP)5.14.31.40.8
National Pact (NP)1.41.7
Special funds and annexed budgets34.011.811.010.511.7
Of which: interest 3/4/(15.8)(…)(…)(…)(…)
Extrabudgetary expenditure3.72.38.95.6
Reconstruction expenditure8.41.7
Deficit (commitment basis)-18. 0-26.5-29.1-30.6-43.4
Changes in payments arrears-3.70.72.48.6-29.7
Domestic payments arrears-3.7-0.4-1.33.6-9.9
External payments arrears1.13.75.0-19.8
Adjustment (cash basis)-1.1-4.32.5-0.5——
Deficit (cash basis)-22.8-30.1-24.2-22.5-73.1
Financing (net)22.830.124.222.573.1
External financing40.142.232.825.576.7
Loans (gross)41.649.338.730.391.7
Amortization 3/-29.0-30.9-35.3-35.4-66.9
Debt rescheduling 3/3.80.73.05.87.1
Debt relief from debt cancellation 6/2.3
Debt moratoria and debt under negotiation23.723.226.424.842.5
Domestic financing-17.3-12.1-8.6-3.0-3.6
Banking system-20.1-10.8-5.4-1.3-4.5
Other2.8-1.3-3.2-1.70.9
(In percent of GDP unless otherwise indicated)
Deficit (commitment basis)
Excluding grants-8.5-12.1-11.0-9.6-13.6
Including grants-2.7-3.9-3.9-4.1-4.2
Deficit (cash basis)
Excluding grants-9.3-12.7-10.3-8.5-16.4
Including grants-3.4-4.4-3.2-3.0-7.0
Memorandum item:
Military spending (CFAF billion) 7/14.113.515.915.720.7
Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Starting in 1991, six special funds and annexed budgets have been integrated into the central government budget.

Scheduled; after debt cancellation obtained through 1993.

Starting in 1991, interest payments are shown under current budgetary expenditure because of the integration of the debt servicing agency (CAA) into the central government budget.

PESAP, Public Enterprise Sector Adjustment Program, financed by the World Bank and cofinanciers.

Based on the ODA debt cancellation obtained in 1994.

Expenditure by the Ministry of National Defense.

Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Starting in 1991, six special funds and annexed budgets have been integrated into the central government budget.

Scheduled; after debt cancellation obtained through 1993.

Starting in 1991, interest payments are shown under current budgetary expenditure because of the integration of the debt servicing agency (CAA) into the central government budget.

PESAP, Public Enterprise Sector Adjustment Program, financed by the World Bank and cofinanciers.

Based on the ODA debt cancellation obtained in 1994.

Expenditure by the Ministry of National Defense.

Table 16.Mali: Government Revenue, 1990–94 1/(In billions of CFA francs)
19901991199219931994
Taxes on net income and profits12.212.012.311.616.2
Enterprises5.95.25.34.85.7
Of Which: public enterprises(1.5)(0.9)(1.0)(0.7)(1.3)
private enterprises(4.4)(4.3)(4.3)(4.1)(4.4)
Individuals4.75.45.65.48.6
Tax on transporters0.80.80.80.71.1
Rental income tax0.80.50.60.70.8
Payroll tax1.72.02.12.12.6
Property taxes1.41.41.63.12.6
Taxes on goods and services11.312.812.112.415.0
Value-added tax 2/8.88.98.99.211.8
Of which: public enterprises(2.0)(1.9)(1.7)(2.6)(2.7)
private enterprises(6.8)(7.1)(7.2)(6.6)(9.1)
Excise duties 3/1.11.31.31.01.7
Other1.42.51.82.21.5
Taxes on international trade30.745.143.247.455.1
Customs duties 3/1.92.52.52.62.7
Other import charges 3/6.216.614.816.617.2
Value-added tax on imports 2/12.011.110.811.513.3
Petroleum import duties 3/3.312.013.414.519.2
Payment of deferred taxes1.70.40.21.01.3
Export duty 4/0.20.1
Other5.52.31.41.21.4
Other tax revenue9.99.06.97.111.8
Poll tax2.92.31.70.8
Stamp duties2.52.22.32.13.6
Payment of tax arrears4.03.82.23.46.5
Other taxes0.50.70.70.81.7
Miscellaneous or unclassified tax revenue-1.30.1
Tax revenue65.982.478.183.7103.2
Nontax revenue5.812.610.110.320.0
Capital revenue3.31.30.92.7
Budgetary revenue75.096.389.194.0126.0
Special funds and annexed budgets41.113.311.610.712.9
Total revenue116.1109.6100.7104.7138.9
Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Introduced in 1990 and replaced turnover tax.

Beginning in 1991, tax revenues included in this category, which were previously earmarked for special funds, have been consolidated in the budget.

Customs service fee on gold exports.

Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Introduced in 1990 and replaced turnover tax.

Beginning in 1991, tax revenues included in this category, which were previously earmarked for special funds, have been consolidated in the budget.

Customs service fee on gold exports.

Table 17.Mali: Government Revenue Performance, 1990–94 1/
19901991199219931994
(In billions of CFA francs)
Taxes on net income and profits12.212.012.311.616.2
Taxes on goods and services11.312.812.112.415.0
Payroll tax1.72.02.12.12.6
Property taxes1.41.41.63.12.6
Taxes on international trade30.745.143.247.455.1
Other tax revenue9.99.06.97.111.8
Miscellaneous or unclassified tax revenue-1.30.1
Tax revenue65.982.478.183.7103.2
Nontax revenue9.113.911.010.322.8
Budgetary revenue75.096.389.194.0126.0
Special funds and annexed budgets 2/41.113.311.610.712.9
Total revenue116.1109.6100.7104.7138.9
(Annual percentage change)
Taxes on net income and profits31.2-1.62.5-5.739.7
Taxes on goods and services10.813.3-5.52.521.0
Taxes on international trade6.246.9-4.29.716.2
Other tax revenue-16.1-9.1-23.32.966.2
Tax revenue2.525.0-5.27.223.3
Nontax revenue-17.352.7-20.9-6.4121.4
Budgetary revenue-0.428.4-7.55.534.0
Special funds and annexed budgets19.8-67.6-12.8-7.820.6
Total revenue5.9-5.6-8.14.032.7
(In percent of budgetary revenue)
Taxes on net income and profits16.312.513.812.312.9
Taxes on goods and services15.113.313.613.211.9
Taxes on international trade40.946.848.550.443.7
Other tax revenue13.29.37.77.69.4
Tax revenue87.985.687.789.081.9
Nontax revenue12.114.412.311.018.1
(In percent of total government revenue)
Budgetary revenue64.687.988.589.890.7
Special funds and annexed budgets35.412.111.510.29.3
(In percent of GDP)
Taxes on net income and profits1.81.81.61.51.6
Taxes on goods and services1.71.91.61.61.4
Taxes on international trade4.66.65.76.35.3
Other tax revenue1.51.30.90.91.1
Tax revenue9.812.110.411.19.9
Nontax revenue1.32.01.51.42.2
Budgetary revenue11.114.111.812.412.1
Special funds and annexed budgets6.11.91.51.41.2
Total revenue17.216.113.413.913.4
Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Beginning in 1991, tax revenues included in this category, which were previously earmarked for special funds, have been consolidated in the budget.

Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Beginning in 1991, tax revenues included in this category, which were previously earmarked for special funds, have been consolidated in the budget.

Table 18.Mali: Government Expenditure, 1990–94 1/
19901991199219931994
(In billions of CFA francs)
Expenditure173.7192.3183.4177.3280.1
Budgetary expenditure136.0169.8161.8161.2268.4
Current expenditure66.582.086.088.1132.1
Personnel38.242.441.540.944.5
Supplies7.46.48.18.814.2
Scholarships3.24.55.04.84.2
Interest 2/12.213.412.223.9
Other expenditure17.716.518.021.445.3
Development, PESAP, VDP, and NP 3/69.587.875.873.1136.3
Development expenditure61.969.565.567.5128.7
Externally financed57.564.560.058.5115.0
Equipment and investment4.45.05.59.013.7
PESAP7.613.26.02.85.1
Voluntary departure program (VDP)5.14.31.40.8
National Pact (NP)1.41.7
Special funds and annexed budgets34.011.811.010.511.7
Extrabudgetary expenditure3.72.38.95.6
Reconstruction expenditure8.41.7
(Annual percentage change)
Expenditure-0.510.7-4.6-3.358.0
Budgetary expenditure-5.824.9-4.7-0.466.5
Current expenditure-1.823.34.92.449.9
Personnel-0.811.0-2.1-1.48.8
Supplies27.6-13.526.68.661.4
Scholarships40.611.1-4.0-12.5
Other expenditure-12.4-6.89.118.9111.7
Development, PESAP, VDP, and NP 3/11.026.3-13.7-3.686.5
Development expenditure1.512.3-5.83.190.7
Externally financed0.912.2-7.0-2.596.6
Equipment and investment10.013.610.063.652.2
Special funds and annexed budgets24.1-65.3-6.8-4.511.4
Extrabudgetary expenditure37.0-37.8287.0-37.1-100.0
(In percent of total budgetary expenditure)
Current expenditure48.948.353.254.749.2
Personnel28.125.025.625.416.6
Supplies5.43.85.05.55.3
Scholarships2.42.73.13.01.6
Other expenditure13.09.711.113.316.9
Development, PESAP, VDP, and NP 3/51.151.746.845.350.8
Development expenditure45.540.940.541.948.0
Externally financed42.338.037.136.342.8
Equipment and investment3.22.93.45.65.1
PESAP, VDP, and NP5.610.86.43.52.8
(In percent of total expenditure)
Budgetary expenditure78.388.388.290.995.8
Special funds and annexed budgets19.66.16.05.94.2
Extrabudgetary expenditure2.11.24.93.2
Reconstruction expenditure4.40.9
(In percent of GDP)
Expenditure25.828.224.323.527.0
Budgetary expenditure20.224.921.521.325.8
Current expenditure9.912.011.411.712.7
Personnel5.76.25.55.44.3
Supplies1.10.91.11.21.4
Scholarships0.50.70.70.60.4
Other expenditure2.62.42.42.84.4
Development, PESAP, VDP, and NP 3/10.312.910.19.713.1
Development expenditure9.210.28.78.912.4
Externally financed8.59.58.07.711.1
Equipment and investment0.70.70.71.21.3
PESAP, VDP, and NP1.12.71.40.70.7
Special funds and annexed budgets5.01.71.51.41.1
Extrabudgetary expenditure0.50.31.20.7
Reconstruction expenditure1.20.2
Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Scheduled; after debt cancellation obtained through 1993. Starting in 1991, interest payments are shown under current budgetary expenditure because of the integration of the debt-servicing agency (CAA) into the central government budget.

PESAP, Public Enterprise Sector Adjustment Program, financed by the World Bank and cofinanciers.

Source: Data provided by the Malian authorities.

Data may not add up because of rounding.

Scheduled; after debt cancellation obtained through 1993. Starting in 1991, interest payments are shown under current budgetary expenditure because of the integration of the debt-servicing agency (CAA) into the central government budget.

PESAP, Public Enterprise Sector Adjustment Program, financed by the World Bank and cofinanciers.

Table 19.Mali: Consolidated Operations of the Special Funds and the Annexed Budgets, 1990–94(In billions of CFA francs)
19901991 1/199219931994
Revenue41.113.311.610.712.9
OSRP 2/8.43.3
CAA 2/17.2
Road Fund4.5
Social Security Fund (INFS)9.08.710.29.711.8
Other revenue 3/1.91.31.41.01.1
Expenditure and net lending34.011.811.010.511.7
OSRP 2/2.63.1
CAA 2/18.3
Road Fund3.2
Social Security Fund (INPS)7.97.29.59.510.6
Other expenditure 3/2.01.51.51.01.1
Surplus/Deficit7.11.50.60.21.2
Source: Data provided by the Malian authorities.

Starting in 1991, six special funds and annexed budgets, including the Caisse Autonome d’Amortissement (CAA), the Road Fund (FR), the National Office of Transportation (ONT), the Mining Fund (FM), the National Forestry Fund (FFN), and the Tourism Promotion Fund (FDT), have been integrated into the central government budget.

OSRP, Office de Stabilisation et de Regulation des Prix; CAA, Caisse Autonome d’Amortissement.

Includes the National Housing Fund (FNL), the Central Veterinary Laboratory (LCV), the National Lottery (LONAMA), the National Institute of Research in Public Health (INRSP), and, prior to 1991, ONT, FM, FFN, and FDT.

Source: Data provided by the Malian authorities.

Starting in 1991, six special funds and annexed budgets, including the Caisse Autonome d’Amortissement (CAA), the Road Fund (FR), the National Office of Transportation (ONT), the Mining Fund (FM), the National Forestry Fund (FFN), and the Tourism Promotion Fund (FDT), have been integrated into the central government budget.

OSRP, Office de Stabilisation et de Regulation des Prix; CAA, Caisse Autonome d’Amortissement.

Includes the National Housing Fund (FNL), the Central Veterinary Laboratory (LCV), the National Lottery (LONAMA), the National Institute of Research in Public Health (INRSP), and, prior to 1991, ONT, FM, FFN, and FDT.

Table 20.Mali: Government Wage Bill and Employees, 1990–94
19901991199219931994
Wage bill (in billions of CFA francs)38.242.441.540.944.5
Annual change in wage bill (in percent)-0.811.0-2.1-1.48.8
Wage bill in percent of current budgetary expenditure57.451.748.346.433.7
Wage bill in percent of total budgetary expenditure28.125.025.625.416.6
Wage bill in percent of GDP5.76.25.55.44.3
Total government employees as of end-December49,55545,49838,05236,05532,719
Of which: civil servants(39,440)(36,212)(33,063)(31,690)(29,141)
Annual change in total government employees (in percent)-5.8-8.2-16.4-5.2-9.3
Source: Data provided by the Malian authorities.
Source: Data provided by the Malian authorities.
Table 21.Mali: Deposit Money Banks in December 1994
Deposits
ShareholdersCapitalPublicPrivateTotal
(Percent of total holdings)Year established(In millions of CFA francs)(In millions of CFA francs)Number of branches
Banque de Développement du Mali (BDM-SA) 1/Government20.019683,00025,98627,44453,43012
BCEAO20.0
BOAD20.0
Private national shareholders23.3
Moroccan bank16.7
Banque Nationale de Développement Agricole (BNDA)Government39.519814.1497.7377.48015.21716
BCEAO16.8
Caisse Francaise de Développement (France)19.6
Deutsche Entwicklungs Gesellschaft (Fed. Rep. of Germany)18.5
BDM-SA5.6
Banque Internationale pour l’Afrique Occidentale au Mali (BIAO-Mali) 2/Meridien BIAO-S.A.61.519804.25459249.52250.1146
Private national shareholders38.5
Banque Malienne de Credit et de Depdts (BMCD)Government51.019611.0001.77834.08135.8595
Credit Lyonnais49.0
Bank of Africa-Mali (BOA)Private national shareholders75.619821.4002.60021.48924.0894
Private foreign shareholders24.4
Banque Commercials du Sahel (BCS; ex-BALIMA)Government49.519821.100514.0664.1171
Foreign Arab banks50.0
Private national shareholders0.5
Societe des Cheques Postaux et de la Caisse d’Epargne (SCPCE) 3/Government40.019915001.1032.5413.6441
Chamber of Commerce and Industry32.0
BIAO-Mali20.0
SODOBAF8.0
Source: Data provided by the BCEAO.

Restructured into a société anonyme or June 30, 1989.

Following the bankruptcy of the Meridien International Bank Limited (MIBL), the name of the BIAO-Mali was changed in June 1995 to Banque Internationale pour le Mali (BIM).

Registered as a bank; deposits included in the monetary survey, but with no right to issue credit.

Source: Data provided by the BCEAO.

Restructured into a société anonyme or June 30, 1989.

Following the bankruptcy of the Meridien International Bank Limited (MIBL), the name of the BIAO-Mali was changed in June 1995 to Banque Internationale pour le Mali (BIM).

Registered as a bank; deposits included in the monetary survey, but with no right to issue credit.

Table 22.Mali: Monetary Survey, 1990–94 1/
19901991199219931994
JuneDec.Dec.

adj. 2/
Mar.JuneSept.Dec.
(In billions of CFA francs: end of period)
Foreign assets (net) 3/26.965.467.863.976.8156.1203.2235.8232.0204.3
BCEAO29.761.563.562.275.8154.0169.6200.0203.4146.7
Deposit money banks-2.83.94.41.71.02.133.735.728.657.6
Net domestic assets115.895.095.6107.899.3119.2116.591.6105.8136.6
Of which: BCEAO 4/70.669.868.371.568.187.970.972.377.165.1
Credit to the Government (net)29.623.420.733.028.348.128.321.640.149.2
Central Bank 5/49.154.655.263.259.379.270.972.877.163.1
Commercial banks-23.4-30.1-33.8-29.8-29.5-29.5-37.8-46.6-36.6-11.8
Other4.0-1.0-0.7-0.4-1.5-1.5-4.8-4.6-0.5-2.1
Credit to the economy60.563.368.772.371.471.487.276.973.383.1
Crop credit7.27.58.216.25.25.213.71.30.50.4
Ordinary credit53.355.860.556.166.266.273.675.672.882.7
Other items (net) 6/25.78.36.12.5-0.4-0.41.0-6.9-7.64.3
Central Bank21.615.213.18.38.78.75.61.00.62.0
Commercial banks4.1-6.9-7.0-5.8-9.1-9.1-4.6-7.9-8.22.4
Medium- and long-term external liabilities-7.7-8.4-6.2-5.5-5.7-9.8-11.0-11.5-11.3-11.1
Revaluation account95.195.195.195.195.1
BCEAO98.198.198.198.198.1
Deposit money banks-3.0-3.0-3.0-3.0-3.0
Money supply (M2)135.0152.0157.2166.2170.4170.4213.7220.8231.4234.8
Currency in circulation46.959.260.963.265.165.186.689.186.488.2
Bank deposits83.992.896.3103.0105.3105.3127.1131.7145.0146.6
Postal deposits4.3
(Annual percentage change in relation to beginning-of-period money stock)
Foreign assets (net) 3/9.828.51.6-2.55.756.227.746.844.528.3
BCEAO11.023.61.3-0.87.957.79.127.029.0-4.3
Deposit money banks-1.14.90.3-1.7-2.2-1.518.619.815.632.6
Net domestic assets-14.5-15.40.47.82.415.0-1.6-16.2-7.910.2
Credit to the Government (net)-13.4-4.6-1.87.84.817.4-11.6-15.6-4.70.6
Central Bank 5/-7.64.10.55.12.615.2-4.8-3.7-1.2-9.4
Commercial banks-3.2-5.0-2.42.52.72.7-4.8-10.0-4.210.4
Other-2.5-3.70.20.2-0.5-0.5-2.0-1.80.6-0.3
Credit to the economy 7/4.68.55.23.93.922.17.72.716.4
Crop credit-4.04.29.397.6-36.6-36.6163.5-75.0-90.4-92.3
Ordinary credit0.64.78.4-7.39.49.411.214.210.024.9
Other items (net) 6/-1.1-12.9-1.4-2.4-4.2-4.20.8-3.8-4.22.8
Medium- and long-term external liabilities-0.3-0.51.40.40.3-2.3-0.7-1.0-0.9-0.8
Money supply-4.912.53.45.78.48.425.429.535.837.8
Currency in circulation-5.69.11.11.52.72.712.614.112.513.5
Bank deposits3.26.62.34.35.75.712.815.423.324.2
Postal deposits-2.5-3.2
Memorandum items:
Velocity of M25.04.54.84.44.44.4
Nominal GDP (CFAF billions)674.5682.1753.5755.1755.11,039.0
Sources: Data provided by the BCEAO.

Data may not add up because of rounding. Including transactions and reclassifications resulting from the restructuring of the Banque de Développement du Mali and reclassification of deposits resulting from other bank audits. Data are not comparable with the previous RED tables for 1990 as these were adjusted to a 1987 accounting base to provide comparability with previous years.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Excluding SDR allocations and medium- and long-term liabilities.

Defined as base money minus net foreign assets.

Including SDR/CFA franc exchange rate revaluation on pre-June 1984 Fund purchases. Including the stabilization for the cotton sector and, before December 1994, the consolidation of debit balances of BDM at the BCEAO. For December 1994, these claims are included in credit to the Government from commercial banks.

Including nonstatutory advance to the Treasury resulting from the consolidation of the former Central Bank’s debt of CFAF 41.8 billion, including interest thereon.

Annual percentage change.

Sources: Data provided by the BCEAO.

Data may not add up because of rounding. Including transactions and reclassifications resulting from the restructuring of the Banque de Développement du Mali and reclassification of deposits resulting from other bank audits. Data are not comparable with the previous RED tables for 1990 as these were adjusted to a 1987 accounting base to provide comparability with previous years.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Excluding SDR allocations and medium- and long-term liabilities.

Defined as base money minus net foreign assets.

Including SDR/CFA franc exchange rate revaluation on pre-June 1984 Fund purchases. Including the stabilization for the cotton sector and, before December 1994, the consolidation of debit balances of BDM at the BCEAO. For December 1994, these claims are included in credit to the Government from commercial banks.

Including nonstatutory advance to the Treasury resulting from the consolidation of the former Central Bank’s debt of CFAF 41.8 billion, including interest thereon.

Annual percentage change.

Table 23.Mall: Summary Accounts of the Central Bank, 1990–94 1/(In billions of CFA francs: and of period)
19901991199219931994
Act.Act.

adj. 2/
Dec.
Foreign assets (net)29.761.563.475.8154.0146.7
Assets48.982.984.897.8195.5212.6
Liabilities 3/19.221.421.422.041.565.9
Net domestic assets70.669.868.368.187.965.1
Claims on the Government (net)49.154.655.259.379.263.1
Claims58.058.461.164.984.775.8
Consolidated claims 4/(23.9)(23.9)(23.9)(23.9)(23.9)(—)
Liabilities 5/8.93.85.95.55.512.8
Other items (net)21.615.213.18.78.72.0
Claims on deposit money banks (net)-53.4-72.0-70.8-78.7-78.7-25.5
Claims
Advances to money market(—)(—)(—)(—)(—)(—)
Rediscounts and other advances(—)(—)(—)(—)(—)(—)
Liabilities53.472.070.878.778.725.5
Deposits in money market(49.4)(68.2)(68.0)(57.1)(57.1)(3.7)
Other deposits(0.7)(0.7)(0.4)(18.4)(18.4)(14.5)
Currency held by banks(3.3)(3.1)(2.4)(3.2)(3.2)(7.3)
Revaluation account98.198.1
Currency outside banks46.959.260.965.165.188.2
Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Excluding SDR counterpart.

These claims were securitixed and sold to Mali an commercial banks in 1994.

Including cash held by the Treasury.

Includes nonstatutory advances by the BCEAO to the Treasury resulting from the consolidation of the debt of the former Central Bank of Mali of CFAF 41.8 billion on its operations account with the French Treasury, including interest charged thereon; also includes revaluation account.

Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Excluding SDR counterpart.

These claims were securitixed and sold to Mali an commercial banks in 1994.

Including cash held by the Treasury.

Includes nonstatutory advances by the BCEAO to the Treasury resulting from the consolidation of the debt of the former Central Bank of Mali of CFAF 41.8 billion on its operations account with the French Treasury, including interest charged thereon; also includes revaluation account.

Table 24.Mali: Summary Accounts of the Deposit Money Banks, 1990–94 1/2/(In billions of CFA francs: end of period)
19901991199219931994
Act.Act. adj. 3/Dec.
Foreign assets (net)-2.83.94.41.02.157.6
Assets18.515.811.17.814.265.6
Liabilities (short-term)21.211.96.76.812.18.0
Net domestic assets40.325.527.630.630.671.0
Claims on the Government (net)-23.4-30.1-33.8-29.5-29.5-11.8
Claims3.82.63.43.43.428.0
Deposits27.232.737.133.033.039.8
Credit to the private sector60.262.368.069.969.981.0
Crop credit7.27.58.25.25.20.4
Other53.054.859.864.764.780.6
Other items (net)3.5-6.7-6.6-9.8-9.81.8
Reserves54.071.870.679.479.426.1
Money market position (net)50.067.768.057.157.13.7
Deposits50.067.768.057.157.13.7
Advances
Other reserves4.04.12.622.322.322.4
Currency holdings3.33.12.43.23.27.3
Deposits at Central Bank0.71.00.219.119.115.1
Medium- and long-term external
liabilities7.78.46.35.79.811.1
Revaluation account-3.0-3.0
Deposits83.992.896.3105.3105.3146.6
Demand43.847.447.452.752.783.7
Of which: public enterprises(10.6)(9.8)(7.0)(5.7)(5.7)(9.0)
Time40.145.448.952.652.662.9
Of which: public enterprises(1.2)(1.7)(2.0)(3.1)(3.1)(5.3)
Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Including transactions and adjustments resulting from the restructuring of the Banque de Développement du Mali, and reclassifications of deposits resulting from other bank audits.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Includes revaluation account.

Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Including transactions and adjustments resulting from the restructuring of the Banque de Développement du Mali, and reclassifications of deposits resulting from other bank audits.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Includes revaluation account.

Table 25.Mali: Claims on the Government, 1990–94 1/2/(In billions of CFA francs: end of period)
19901991199219931994
Act.Act.

adj. 3/
Dec.
Central Bank, net claims49.154.655.259.379.263.1
Claims58.058.461.164.984.775.8
Treasury overdraft14.517.818.821.121.118.4
Trust Fund on-lent
IMF credit on-lent19.516.718.519.839.757.4
Consolidated claims 4/23.923.923.923.923.9
Liabilities8.93.85.95.55.512.8
Treasury currency holdings0.42.01.03.03.03.0
Government deposits8.51.84.92.52.59.8
Deposit money banks, net claims-23.4-30.1-33.8-29.5-29.5-11.8
Claims 4/3.82.63.43.43.428.0
Liabilities27.232.737.133.033.039.8
Counterparts4.0-1.0-0.7-1.5-1.5-2.1
Private deposits with postal checking system4.3
Customs duty bills held by the Treasury0.31.00.71.51.52.1
Net claims on the Government29.623.420.728.348.149.2
Of which: banking system 5/(25.3)(23.4)(20.7)(28.3)(48.1)(49.2)
Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Including transactions and adjustments resulting from the restructuring of the BDM, and reclassifications of deposits resulting from other bank audits.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Up to end-1993, the consolidated debit balances of the BDM at the BCEAO are included in claims of the Central Bank on the Government. These claims were securitized in 1994 and for 1994 are included in claims of the deposit money banks on the Government.

Includes the cotton stabilization fund.

Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Including transactions and adjustments resulting from the restructuring of the BDM, and reclassifications of deposits resulting from other bank audits.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Up to end-1993, the consolidated debit balances of the BDM at the BCEAO are included in claims of the Central Bank on the Government. These claims were securitized in 1994 and for 1994 are included in claims of the deposit money banks on the Government.

Includes the cotton stabilization fund.

Table 26.Mali: Foreign Assets and Liabilities of the Banking System, 1990–94 1/(In billions of CFA francs: end of period)
19901991199219931994
Act.Act.

adj. 2/
Dec.
Banking system (net) 3/19.257.061.571.1146.3193.2
Foreign assets67.498.795.9105.5209.7278.2
Foreign liabilities48.141.734.434.463.485.0
Central Bank (net)29.761.563.475.8154.0146.7
Foreign assets48.982.984.897.8195.5212.6
Foreign exchange45.679.481.594.4188.8205.4
Special drawing rights0.10.10.10.1
Reserve position in the Fund3.23.43.33.36.67.1
Foreign liabilities19.221.421.422.041.565.9
Use of Fund resources17.916.518.219.539.060.0
Trust Fund
Other1.44.93.22.52.55.9
Deposit money banks (net) 3/-10.5-4.5-1.9-4.7-7.746.5
Foreign assets18.515.811.17.814.265.6
Foreign liabilities 3/29.020.313.012.421.919.1
Short-term21.211.96.76.812.18.0
Medium- and long-term7.78.46.35.79.811.1
Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Differs from net foreign assets in Table 22, which exclude medium- and long-term foreign liabilities.

Source: Data provided by the BCEAO.

Data may not add up because of rounding.

Accounts revalued at the new exchange rate of CFAF 100 per French franc.

Differs from net foreign assets in Table 22, which exclude medium- and long-term foreign liabilities.

Table 27.Mali: Interest Rates, 1989–95(In percent)
Nov. 27, 1989-Aug. 19. 1992Aug. 20, 1992-Nov. 8, 1992Nov. 9, 1992-Apr. 25. 1993April 26, 1993-Sept. 30, 1993Oct. 1, 1993-Dec. 19, 1993Dm. 20. 1993-Jan. 17, 1994Jan. 18, 1994-June 26, 1994June 27, 1994-July 31, 1994Aug. 1, 1994-Aug. 31. 1994Sept. 1, 1994 Jan. 22, 1995Jan. 23, 1994 June 4, 1995June 5, 1995 to date
Central Bank
Discount rata11.013.012.512.512.510.514.512.011.010.09.08.5
Money Markat advance 1/10.975–10.72512.72511.97511.225–10.22510.225–7.357.25–8.008.00–9.258.00–6.506.25–5.755.755.55.5
Landing rates
Crop financing and agricultural export credit16.0 max18.0 max17.5 max17.5 maxfreefreefreefreefreefreefreefree
Public enterprises16.0 max18.0 max17.5 max17.5 maxfreefreefreefreefreefreefreefree
Private enterprises16.0 max18.0 max17.5 max17.5 maxfreefreefreefreefreefreefreefree
Deposit rates
Sight 2/freefreefreefreefreefreefreefreefreefrssfreefree
Savings deposits7.009.008.508.504.504.508.008.00–5.005.005.004.54.5
Time deposits 3/
Less than six months7.009.008.508.50TMH-2X 4/TMM-2XTMM-2XTHM-2XTMM-2XTMM-2XTMM-2XTMM-2X
Six months-one year8.0010.009.509.50TMM-2X1M4–2XTMM-2XTMM-2XTMM-2XTMM-2XTMM-2X1MM-2X
Over one year9.0011.0010.5010.50freefreefreefreefreefreefreefree
Source: Data provided by the BCEAO.

Until October 14, 1993, these rates were for overnight advances; on that date, the money market was transformed into a weekly auction.

Since January 1, 1985, deposit money banks have no longer been required to remunerate sight deposits.

Minimum rates for deposits above CFAF 2 million; from October 2, 1989, minimum rates for deposits above CFAF 500,000. Since October 1, 1993, minimum rate a for deposits equal or leas than CFAF 5 million; rates on larger deposits are free.

Average monthly money market rate minus 2 percent.

Source: Data provided by the BCEAO.

Until October 14, 1993, these rates were for overnight advances; on that date, the money market was transformed into a weekly auction.

Since January 1, 1985, deposit money banks have no longer been required to remunerate sight deposits.

Minimum rates for deposits above CFAF 2 million; from October 2, 1989, minimum rates for deposits above CFAF 500,000. Since October 1, 1993, minimum rate a for deposits equal or leas than CFAF 5 million; rates on larger deposits are free.

Average monthly money market rate minus 2 percent.

Table 28.Mali: Rediscount Rates Applied by the Central Bank, 1989–95 1/(In percent per year)
Normal discount rate 2/Preferential discount rate 3/Discount rate 4/
March 30, 198910.09.0
October 2, 1989abolishedabolished10.5
November 27, 198911.0
August 20, 199213.0
November 9, 199212.5
December 20, 199310.5
January 18, 199414.5
June 27, 199412.0
August 1, 199411.0
September 1, 199410.0
January 23, 19959.0
June 5, 19958.5
Source: Information provided by the BCEAO.

Rates applied to short-term credit of 1 year or less and to medium-term credit of up to 10 years, and 15 years since October 1, 1989. The BCEAO will also rediscount long-term credit which, at the time of rediscounting, has no more than 15 years to maturity.

Applied also to advances against Government and private paper, to rediscount of customs duty bills, and to repurchase agreements (prise en pension).

Applied to crop credit, credit to the Government and local authorities, small national enterprises with total credit outstanding not exceeding CFAF 30 million, and nationals for the construction of the borrower’s first primary residence (maximum CFAF 15 million with maturities shorter than ten years). Also applied to overdrafts by the Treasury.

The Central Bank’s discount rate will remain above the rates applied in the money market. A special rate, equal to the money market rate minus 1 percentage point, applies to the statutory advances to the Government under Article 16 of the Statutes of the BCEAO. The special rate is a quarterly average, calculated by BCEAO headquarters and communicated on a quarterly basis to the national agencies.

Source: Information provided by the BCEAO.

Rates applied to short-term credit of 1 year or less and to medium-term credit of up to 10 years, and 15 years since October 1, 1989. The BCEAO will also rediscount long-term credit which, at the time of rediscounting, has no more than 15 years to maturity.

Applied also to advances against Government and private paper, to rediscount of customs duty bills, and to repurchase agreements (prise en pension).

Applied to crop credit, credit to the Government and local authorities, small national enterprises with total credit outstanding not exceeding CFAF 30 million, and nationals for the construction of the borrower’s first primary residence (maximum CFAF 15 million with maturities shorter than ten years). Also applied to overdrafts by the Treasury.

The Central Bank’s discount rate will remain above the rates applied in the money market. A special rate, equal to the money market rate minus 1 percentage point, applies to the statutory advances to the Government under Article 16 of the Statutes of the BCEAO. The special rate is a quarterly average, calculated by BCEAO headquarters and communicated on a quarterly basis to the national agencies.

Table 29.Mali: Interest Rates in the Money Market, 1989–95(In percent per year)
OvernightOne-monthThree-month
DepositsAdvancesDepositsAdvancesDepositsAdvances
1989
January 28.759.5008.8759.6259.009.750
January 239.009.7509.1259.8759.2510.000
March 69.2510.0009.37510.1259.5010.250
March 279.2510.0009.25010.1259.2510.250
April 178.759.5008.7509.6258.759.750
May 229.009.7509.0009.8759.0010.000
July 39.5010.2509.50010.3759.5010.500
October 29.5010.0009.50010.0009.5010.000
October 910.0010.25010.00010.25010.0010.250
November 610.2510.37510.25010.37510.2510.375
November 2710.5010.62510.50010.62510.5010.625
December 2510.8510.97510.85010.97510.8510.975
1991
November A10.6010.72510.72510.85010.8510.975
1992
June 2210.1010.72510.22510.85010.3510.975
August 2011.1012.72511.22512.85011.3512.975
November 910.1011.97510.22512.10010.3512.225
1993
April 269.3511.2259.47511.3509.6011.475
May 108.8510.7258.97510.8509.1010.975
May 248.3510.2258.47510.3508.6010.475
October 14 1/9.5008.47510.3508.6010.475
October 219.3758.47510.3508.6010.475
October 289.0008.47510.3508.6010.475
November 48.7508.47510.3508.6010.475
November 118.5008.47510.3508.6010.475
November 188.0008.47510.3508.6010.475
November 257.7508.47510.3508.6010.475
December 27.6258.60
December 97.5008.60
December 167.3508.60
December 307.2508.60
1994
January 67.500
January 138.000
January 209.000
January 279.250
June 208.250
June 278.000
July 47.500
July 117.000
July 186.750
July 256.500
August 16.250
August 86.000
August 155.850
August 225.750
September 195,600
Since September 265,500
Source: Information provided by the BCEAO.

On October 14, 1993 the money market was transformed into an auction of weekly advances.

Source: Information provided by the BCEAO.

On October 14, 1993 the money market was transformed into an auction of weekly advances.

Table 30.Mali: Lending Rates Applied by Commercial Banks, 1984–95(In percent per year)
A. Structure
From June 1. 1984 to October 1. 1989
Short- and medium-term credit Crop financing and export creditPreferential discount rate + 1 percent minimum+ 2 percent maximum
Financing of storage of agricultural productsPreferential discount rate + 1 percent minimum+ 2 percent maximum
Credit to small and medium-sized national enterprises 1/Preferential discount rate + 1 percent minimum+ 3 percent maximum
Credit to nationals 2/ for construction of first primary residencePreferential discount rate + 1 percent minimum+ 3 percent maximum
Other creditsNormal discount rate + 0 percent minimum + 5 percent maximum
Long-term credit 3/
Credit to small and medium-sized national enterprises 1/Preferential discount rate + 1 percent minimum+ 3 percent maximum
Credit to nationals 2/ for construction of first primary residencePreferential discount rate + 1 percent minimum+ 3 percent maximum
Other creditsNormal discount rate + 0 percent minimum + 5 percent maximum
From October 2. 1989 to September 30. 1993
All types of creditMaximum: discount rate + 5 percent
From October 1. 1993
All types of creditFree 4/
Table 30A.Mali: Lending Rates Applied by Commercial Banks, 1984–95
From Mar. 24,

1986
From Sept. 22, 1986From Dec. 23, 1988From Mar. 30, 1989From Oct. 2, 1989 5/From Nov. 27, 1969From Aug. 20, 1992From Nov. 9, 1992From Oct. 1, 1993
Min.Max.Min.Max.Min.Max.Min.Max.Max.Max.Max.Max.
B. Rates
Short- and mediun-tera credit
Crop financing and export credit8.09.07.08.08.59.510.011.015.516.018.017.5free 4/
Financing of storage of agricultural products8.09.07.06.08.59.510.011.015.516.018.017.5free 4/
Credit to small and medium-sized national enterprise 1/6.010.07.01.06.510.510.012.015.516.018.017.5free 4/
Credit to nationals 2/ for construction of first primary residence8.010.07.09.08.510.510.012.015.516.018.017.5free 4/
Other credits9.514.58.513.59.514.510.015.015.516.018.017.5free 4/
Long-term credit 3/
Credit to small and medium-sized national enterprises 2/8.010.07.09.08.510.510.012.015.516.016.017.5free 4/
Credit to nationals 2/ for construction of first primary residence6.010.07.09.06.510.510.012.015.516.018.017.5free 4/
Other credits9.514.58.513.59.514.510.015.015.516.018.017.5free 4/
Source: Information provided by the BCEAO.

Originally not exceeding CFAF 20 million; since May 1, 1979, not exceeding CFAF 30 million.

Of any member state of WAMU.

Originally, with maturity of more than 2 years and less than 10 years, and less than 15 years since October 2, 1989.

Cannot exceed the legal usury rate, set at twice the prevailing discount rate.

Minimum abolished on October 2, 1969.

Source: Information provided by the BCEAO.

Originally not exceeding CFAF 20 million; since May 1, 1979, not exceeding CFAF 30 million.

Of any member state of WAMU.

Originally, with maturity of more than 2 years and less than 10 years, and less than 15 years since October 2, 1989.

Cannot exceed the legal usury rate, set at twice the prevailing discount rate.

Minimum abolished on October 2, 1969.

Table 31.Mali: Deposit Rates Appliad by Commercial Banks, 1988–95 1/(In precent pay year)
Decembar 1988-October 1989November 1989-Octobar 1993January 1994-Present
FromFromFrom
Dec. 23,Mar. 30,Sept. 22,Dec. 23,Mar. 30,Oct. 2,Nov. 27,Aug. 20,Nov. 9,Oct. 1,Jan. 18,July 8,Sept. 26
1988198919861988198919891989199219921993199419941994
(UP to CFAF 200,000)(CFAF 200,001–CFAF 500,000)(UP to CFAF 500,000)(UP to CFAF 5 million)
Public daposits 2/Determined by agrementDetermined by agrementDetermined by agrementfree
Other deposits
Demand deposits4/4/4/5/5/5/5/5/5/5/5/
Time deposits
Lass than six months5.005.004.755.506.005/5/5/5/TMM-2 6/TMM-2 6/TMM-2 6/TMM-2 6/
Six months - less than one year6.006.505.756.507.005/5/5/5/TMM-2 6/TMM-2 6/TMM-2 6/TMM-2 6/
one year and more7.25*7.75*7.00*8.00*8.50*5/5/5/5/5/5/5/5/
Cartifieatas of deposit
Six months - lass than one year6.006.505.756.507.005/5/5/5/TMM-2 6/TMM-2 6/TMM-2 6/TMM-2 6/
one year and mora7.23*7.75*7.00*8.00*8.50*5/5/5/5/5/5/5/5/
Savings deposits 3/7.007.506.507.007.506.507.009.008.504.58.05.04.5
(CFAF 500,000–CFAF 2,000,000)(Above CFAF 2,000,000)(Above CFAF 500,000)(Above CFAF 5 million)
Public daposits 2/Determined by agrementDetermined by agrementDetermined by agrementfree
Other deposits4/4/4/4/4/5/5/5/5/5/5/5/5/
Demand deposits
Time deposits
Lass than six months6.006.505.75*6.50*7.006.50*7.00*9.00*8.50*5/5/5/5/
Six months - lass than one year7.257.757.00*7.75*8.257.50*8.00*10.00*9.50*5/5/5/5/
one year and mora8.50*9.00*8.00*9.00*9.50*8.50*9.00*11.00*10.50*5/5/5/5/
Cartifieatas of deposit
Six months - lass than one year7.257.757.00*7.758.25*7.50*8.00*10.00*9.50*5/5/5/5/
one year and mora8.50*9.00*8.00*9.00*9.50*8.50*9.00*11.00*10.50*5/5/5/5/
Savings deposits 3/7.007.506.507.007.506.507.009.008.504.58.05.04.5
Source: Information provided by the BCEAO.

Fixed rates, unless marked with an asterisk (*), in which case it is a minimum rata.

Includes deposits of the Treasury, Post Office Savings Bank, and Other government agencies, public and mixed enterprises, and special private sector deposits resulting from legal requirements, such as reserves of insurance companies.

Applicable to savings deposits of less than CFAF 5 million.

The requirement that banks pay interest on demand deposits was suspended beginning January 1, 1985.

Deposit rates no longer fixed by the BCEAO.

Average montly money market rate published by BCEAO minus 2 percent.

Source: Information provided by the BCEAO.

Fixed rates, unless marked with an asterisk (*), in which case it is a minimum rata.

Includes deposits of the Treasury, Post Office Savings Bank, and Other government agencies, public and mixed enterprises, and special private sector deposits resulting from legal requirements, such as reserves of insurance companies.

Applicable to savings deposits of less than CFAF 5 million.

The requirement that banks pay interest on demand deposits was suspended beginning January 1, 1985.

Deposit rates no longer fixed by the BCEAO.

Average montly money market rate published by BCEAO minus 2 percent.

Table 32.Mali: Balance of Payments, 1990–94 1/2/(In billions of CFA francs)
19901991199219931994

Prel.
Exports, f.o.b.92.0100.488.996.6177.5
Of which: cotton(43.6)(49.4)(37.7)(39.2)(81.3
Imports, c.i.f.-168.1-180.2-182.9-180.6-334.4
Of which: cereals(-3.8)(-10.0)(-10.3)(-7.2)(-7.2
Trade balance-76.1-79.8-93.9-84.0-156.9
Services (net)-46.6-39.3-41.3-36.3-78.8
Of which: interest due 3/(-13.3)(-10.2)(-10.9)(-9.6)(-21.9
Private transfers (net)23.125.025.029.747.1
Current account balance (excluding official transfers)-99.6-94.1-110.3-90.6-188.6
Official transfers (net)61.683.081.163.8142.9
Of which: in kind(7.7)(6.8)(5.6)(6.1)(13.1
budgetary(10.8)(22.9)(22.6)(12.0)(42.8
Of which: PESAP 4/(—)(0.3)(0.3)(—)(—)
projects(28.8)(38.8)(38.0)(31.7)(62.0)
Current account balance (including official transfers)-38.0-11.1-29.2-26.8-45.8
Nonmonetary capital (net)20.719.41.4-10.849.8
Private (net)-1.81.0-2.0-5.725.0
Official (net)22.518.43.4-5.124.8
Disbursements52.849.338.730.391.7
Of which: budgetary(12.9)(18.1)(9.7)(1.8)(31.7
Of which: project-related(39.9)(31.2)(29.0)(28.5)(60.0
Amortization due 3/-30.3-30.9-35.3-35.4-66.9
Debt relief 5/27.523.829.430.651.8
Of which: Debt moratoria and debt under negotiation(23.7)(23.2)(26.4)(24.8)(42.5)
Errors and omissions1.16.9-3.78.512.1
Overall balance11.339.0-2.11.568.0
Financing-11.3-39.02.1-1.5-68.0
Foreign assets (net)-14.1-38.8-2.0-6.8-48.2
Of which: IMF (net)(2.5)(-2.7)(2.1)(1.3)(17.7
Revaluation adjustment2.8-1.30.40.3
Changes in payments arrears1.13.75.0-19.8
Accumulation1.14.89.0
Reduction-1.1-4.0-19.8
Memorandum items:
External current account balance as a percent of GDP
Excluding official transfers-14.8-13.8-14.6-12.0-18.2
Including official transfers-5.6-1.6-3.9-3.5-4.4
Debt cancellation3.03.33.13.32.3
Outstanding payments arrears (end of period) 6/1.14.89.8
Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Including debt service due to the People’s Republic of China and Russia.

After debt cancellation obtained through 1993.

PESAP, Public Enterprise Sector Adjustment Program.

Reflects agreements on debt rescheduling and moratoria, as well as debt under negotiation.

The stock at end of period includes the net change in payments arrears, as well as the change in the value of the stock, owing to exchange rate movements.

Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Including debt service due to the People’s Republic of China and Russia.

After debt cancellation obtained through 1993.

PESAP, Public Enterprise Sector Adjustment Program.

Reflects agreements on debt rescheduling and moratoria, as well as debt under negotiation.

The stock at end of period includes the net change in payments arrears, as well as the change in the value of the stock, owing to exchange rate movements.

Table 33.Mali: Balance of Payments, 1990–94 1/2/(In millions of SDRs)
19901991199219931994

Prel.
Exports, f.o.b.249.0260.2238.6244.3223.3
Of which: cotton(118.0)(127.9)(101.1)(99.1)(102.3)
Imports, c.i.f.-455.0-466.9-490.6-456.9-420.6
Of which: cereals(-10.2)(-25.9)(-27.5)(-18.2)(-9.1)
Trade balance-206.0-206.7-252.0-212.6-197.3
Services (net)-126.0-101.8-110.8-91.7-99.2
Of which: interest due 3/(-35.9)(-26.4)(-29.2)(-24.3)(-27.5)
Private transfers (net)62.564.867.175.159.2
Current account balance (excluding official transfers)-269.5-243.7-295.9-229.2-237.3
Official transfers (net)166.7215.1217.6161.4179.7
Of which: in kind(20.8)(17.6)(15.0)(15.4)(16.4)
budgetary(29.2)(59.3)(60.6)(30.4)(53.8)
Of which: PESAP 4/(—)(0.8)(0.8)(—)(—)
projects(78.0)(100.5)(102.0)(80.2)(78.0)
Current account balance (including official transfers)-102.8-28.6-78.3-67.8-57.6
Nonmonetary capital (net)56.050.33.8-27.462.7
Private (net)-4.92.6-5.4-14.431.4
Official (net)60.947.79.1-12.931.2
Disbursements142.9127.8103.876.7115.3
Of which: budgetary(34.9)(46.9)(26.0)(4.6)(39.9)
project-related(108.0)(80.8)(77.8)(72.1)(75.5)
Amortization due 3/-82.0-80.1-94.7-89.6-84.1
Debt relief 5/74.461.778.977.565.2
Of which: debt moratoria and debt under negotiation(64.1)(60.1)(70.8)(62.7)(53.5)
Errors and omissions3.017.9-9.921.615.2
Overall balance30.6101.2-5.63.985.5
Financing-30.6-101.25.6-3.9-85.5
Foreign assets (net)-38.2-100.7-5.4-17.3-60.6
Of which: IMF (net)(6.8)(-6.9)(5.6)(3.3)(-22.2)
Revaluation adjustment7.6-3.41.10.8
Changes in payments arrears2.99.912.6-24.9
Accumulation2.912.922.8
Reduction-3.0-10.1-24.9
Memorandum items:
Outstanding payments arrears (end of period) 6/2.912.924.8
Exchange rate: CFAF/SDR (period average)369.4385.9372.7395.3795.0
Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Including debt service due to the People’s Republic of China and Russia.

After debt cancellation obtained through 1993.

PESAP, Public Enterprise Sector Adjustment Program.

Reflects agreements on debt rescheduling and moratoria, as well as debt under negotiation.

The stock at end of period includes the net change in payments arrears, as well as the change in the value of the stock, owing to exchange rate movements.

Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

Including debt service due to the People’s Republic of China and Russia.

After debt cancellation obtained through 1993.

PESAP, Public Enterprise Sector Adjustment Program.

Reflects agreements on debt rescheduling and moratoria, as well as debt under negotiation.

The stock at end of period includes the net change in payments arrears, as well as the change in the value of the stock, owing to exchange rate movements.

Table 34.Mali: Composition of Exports, f.o.b., 1990–94(Value in billions of CFA francs: volume in metric tons; unit value in CFA francs per kilogram)
19901991199219931994

Prel.
Cotton
Value45.951.740.041.684.8
Cotton fiber
Value43.649.437.739.281.3
Volume92,656115,066110,830133,287108,993
Unit value460429340294746.1
Cotton cakes
Value0.40.40.40.40.5
Volume10,00010,00010,00010,50010,500
Unit value4040404048
Cotton threads and materials
Value1.41.41.41.42.2
Volume2,6502,6502,6502,6502,700
Unit value530530530540825
Cottonseed oil
Value0.50.50.50.50.8
Volume3,1003,1003,1003,1003,100
Unit value170170170170255
Livestock
Value24.627.325.029.551.8
Volume29,04029,60031,44632,40043,700
Unit value8479237959111,184
Hides and leathers
Value2.11.91.82.12.9
Volume2,3502,4002,5502,6272,725
Unit value8908027248101,053
Fish
Value1.01.01.11.11.7
Volume1,4501,4501,5081,5681,750
Unit value690700700700950
Shelled groundnuts
Value0.50.50.50.50.7
Volume6,0006,0006,0006,0006,450
Unit value75757575113
Sheanuts
Value2.02.02.02.04.2
Volume20,00020,00020,00020,00021,500
Unit value100100100100196
Gold
Value12.313.916.317.427.8
Volume4,3285,3166,0995,9394,599
Unit value2,8492,6122,6752,9326,036
Other
Value3.62.12.32.43.7
Total92.0100.488.996.6177.5
Sources: Data provided by the BCEAO; and staff estimates.
Sources: Data provided by the BCEAO; and staff estimates.
Table 35.Mali: Composition of Imports, c.i.f., 1990–94(Value in billions of CFA francs: volume in metric tons: unit value in CFA francs per kilogram)
19901991199219931994

Prel.
Foodstuffs
Value19.325.926.923.741.8
Cereals
Value3.810.010.37.27.2
Volume40,70080,50077,83257.835,100
Unit value93124132125205
Sugar
Value4.34.75.24.313.1
Volume27,00039,00046,00031,16040,000
Unit value161121114138327
Milk
Value3.13.13.23.36.2
Volume5,4005,4005,5625,7295,500
Unit value5755755755751,130
Tea and coffee
Value1.81.71.51.93.1
Volume1,7001,7001,7512,0141,611
Unit value1,0451,0178789501,930
Other beverages
Value0.30.30.40.40.8
Volume2,5002,5002,5752,6522,546
Unit value130130137143296
Cola nuts
Value1.21.21.31.31.6
Volume7,5007,5007,7257,9577,906
Unit value160160165166205
Other
Value4.84.85.05.39.8
Volume31,00031,00031,93032,88829,599
Unit value155155158161332
Machines and vehicles
Value52.953.053.151.7107
Volume30,10030,30031,20929,64030,300
Unit value1,7571,7501,7021,7443,531
Petroleum products
Value15.319.219.220.932.0
Volume203,500195,260200,859200,999213,347
Unit value759996104150
Construction materials
Value17.620.221.018.633.7
Volume35,20040,48044,52840,10034,474
Unit value500499471465976
Chemical products
Value16.217.317.017.533.9
Volume62,20069,40971,49174,78674,077
Unit value260249237234457
Textiles and leather
Value12.012.713.514.322.5
Volume25,00025,75026,52327,31821,855
Unit value4814955105251,030
Other
Value34.831.832.233.863.6
Total168.1180.2182.9180.6334.4
Sources: Data provided by the BCEAO; and staff estimates.
Sources: Data provided by the BCEAO; and staff estimates.
Table 36.Mali: Direction of Trade, 1990–94 1/(In millions of U.S. dollars)
19901991199219931994
ValuePercentValuePercentValuePercentValuePercentValuePercent
Exports252.55100.00267.17100.00204.06100.00224.70100.00358.53100.00
Industrial countries113.1744.81101.5538.01108.0152.9390.9240.46199.2755.58
Of which:
Belgium-Luxembourg(25.78)(39.68)(34.28)(36.00)(20.96)(5.85)
France(20.18)(8.04)(8.96)(8.43)(7.38)(2.06)
Germany(12.57)(11.02)(9.61)(5.94)(3.84)(1.07)
Spain(1.82)(1.86)(1.96)(2.74)(4.48)(1.25)
United Kingdom(2.49)(2.62)(3.38)(2.13)(0.66)(0.18)
Developing countries137.2854.36163.0161.0192.9245.54130.0557.88155.043.23
Of which:
Africa(36.35)(25.10)(26.68)(9.99)(13.06)(6.40)(19.41)(8.64)(19.62)(5.47)
Of which: CÔte d’lvoire(10.92)(2.57)(2.83)(3.36)(1.50)(3.83)(1.07)
Asia(65.53)(25.95)(97.43)(36.47)(78.47)(38.45)(64.91)(28.99)(83.89)(23.40)
Of which: People’s Republic of China(14.79)(35.65)(13.34)(31.73)(15.55)(—)(8.27)(2.31)
Others 2/2.100.832.610.983.131.533.731.664.261.19
Imports735,52100.00709.78100.00833.78100.00911.2100.001.261.09100.00
Industrial countries322.2143.81279.2139.34317.9247.73298.2832.73590.7046.84
Of which:
Belgium-Luxembourg(23.27)(25.29)(27.79)(23.97)(26.37)(2.09)
France(157.46)(124.82)(153.73)(131.22)(105.14)(8.34)
Germany(32.32)(29.83)(22.71)(24.20)(15.94)(1.26)
Spain(9.85)(6.7)(0.94)(10.80)(10.50)(6.09)(0.48)
United Kingdom(15.75)(18.45)(21.74)(15.62)(18.27)(1.45)
Developing countries386.8652.60397.5056.00476.2157.11565.7162.08616.5748.89
Of which:
Africa(329.86)(44.85)(344.23)(48.50)(406.06)(48.70)(483.31)(53.04)(552.35)(43.80)
Of which: CÔte d’lvoire(137.12)(153.17)(21.58)(168.49)(20.21)(200.52)(228.56)(18.12)
Asia(28.28)(3.84)(38.32)(5.40)(55.85)(6.70)(66.51)(7.30)(51.66)(4.10)
Of which: People’s Republic of China(6.53)(11.07)(1.56)(5.98)(0.72)(12.71(1.39)(11.89)(0.94)
Others 2/26.453.6033.074.6639.684.7647.215.1853.824.27
Memorandum items:
Share of total trade
France177.6417.98132.8613.60162.6915.68139.6512.29112.526.95
CÔte d’lvoire148.0414.98155.7415.94171.3216.51203.8017.95232.3914.35
Germany44.894.5440.854.1832.323.1130.142.6519.781.22
Source: IMF, Direction of Trade Statistics Yearbook, 1995.

Data may not add up because of rounding.

Including the former U.S.S.R., Eastern European countries, and others.

Source: IMF, Direction of Trade Statistics Yearbook, 1995.

Data may not add up because of rounding.

Including the former U.S.S.R., Eastern European countries, and others.

Table 37.Mali: Terms of Trade Indices, 1990–94(1985 - 100)
19901991199219931994

Prel.
Export indices
Value116.3126.9112.4122.1224.4
Volume135.7151.8154.3166.3162.9
Unit value 1/85.783.672.973.5137.7
Import indices
Value79.785.586.785.7158.6
Volume93.492.694.791.989.7
Unit value 1/85.392.391.693.2176.8
Terms of trade100.590.679.678.877.9
Sources: Data provided by the Malian authorities; and staff estimates.

Unit value indices for exports and imports are Fisher indices calculated in terms of CFA francs.

Sources: Data provided by the Malian authorities; and staff estimates.

Unit value indices for exports and imports are Fisher indices calculated in terms of CFA francs.

Table 38.Mali: Foreign Aid, 1990–94 1/(In billions of CFA francs)
19901991199219931994

Prel.
Total foreign aid116.7134.5122.096.3238.6
Grants63.985.283.366.0146.9
Loans52.849.338.730.391.7
Project aid68.770.067.060.2122.0
Grants28.838.838.031.762.0
Loans39.931.229.028.560.0
Budgetary aid 2/23.741.032.313.874.5
Grants10.822.922.612.042.8
Of which: PESAP(2.8)(—)(—)(—)(—)
Loans12.918.19.71.831.7
Aid in kind7.76.85.66.113.1
Grants7.76.85.66.113.1
Of which: cereals(1.5)(4.5)(1.5)(1.1)(2.4)
Technical assistance
Grants16.616.717.116.229.0
Sources: Data provided by the Malian authorities; and staff estimates.

In the balance of payments, grants are included under official transfers; loans are included in nonmonetary capital receipts.

Includes budgetary aid channeled both through the Treasury and outside the Treasury.

Sources: Data provided by the Malian authorities; and staff estimates.

In the balance of payments, grants are included under official transfers; loans are included in nonmonetary capital receipts.

Includes budgetary aid channeled both through the Treasury and outside the Treasury.

Table 39.Mali: External Disbursed Debt Outstanding by Creditor, 1990–93 1/
1990199119921993
(In millions of U.S. dollars, unless otherwise indicated: end of period)
Suppliers’ credits7.24.42.00.8
Of which:
Germany(2.1)(1.5)(0.8)(0.8)
United Kingdom(5.0)(2.8)(1.2)(—)
Financial institutions 2/10.89.62.71.9
Of which:
Germany(1.7)(1.7)(1.6)(1.5
Belgium(0.5)(0.4)(0.4)(0.4
Multiple lenders(0.3)(0.3)(0.1)(0.1
Switzerland(0.4)(—)(—)(—
United Kingdom(5.8)(5.8)(—)(—
Multilateral loans908.91.020.31.064.11.110.3
Of which:
African Development Bank(20.8)(20.9)(18.6)(17.1
African Development Fund(229.3)(257.0)(261.9)(268.5
Arab Development Fund(20.2)(20.2)(19.1)(19.2
EEC(10.0)(10.0)(10.0)(10.0
European Development Fund(22.A)(21.8)(19.5)(18.0
European Investment Bank(15.2)(16.6)(14.5)(13.4
IDA(497.6)(569.3)(611.1)(655.7
Islamic Development Bank(28.9)(30.3)(30.1)(30.1
League of Arab States(6.5)(6.5)(6.5)(6.5
OPEC Special Fund(30.7)(31.5)(27.9)(27.9
Bilateral loans1.418.21.420.51.401.51.393.3
Of which:
Algeria(25.5)(25.3)(24.3)(24.3
Switzerland(2.8)(3.7)(3.6)(3.4
China, People’s Republic of(141.1)(136.4)(121.6)(119.6
Egypt, Arab Republic of(6.2)(3.7)(3.7)(3.7
France(585.8)(580.4)(521.2)(470.3
Germany(0.2)(0.2)(0.2)(0.2
Iraq(20.0)(20.0)(20.0)(20.0
Japan(5.9)(6.3)(6.3)(7.1
Kuwait(46.5)(47.8)(40.9)(41.5
Libya(5.3)(5.3)(8.7)(8.3
Qatar(6.0)(6.0)(6.0)(6.0
Saudi Arabia(83.6)(83.6)(101.9)(101.9
United Arab emirates(38.1)(38.1)(39.5)(39.5
United Kingdom(19.9)(25.9)(25.5)(25.5
Russia(419.9)(421.3)(427.7)(427.7
Subtotal2.345.12.454.82.470.32.506.3
Use of IMF resources69.260.165.470.6
Total2.414.32.514.92.535.72.576.9
Memorandum items:(In percent of total debt outstanding)
Suppliers0.30.20.1
Financial institutions0.40.40.10.1
Multilateral loans (including IMF Trust Fund)37.640.642.043.1
Bilateral loans (including operations account)58.756.555.354.1
China, People’s Republic of(5.8)(5.4)(4.8)(4.6
France(24.3)(23.1)(20.6)(18.2
Russia(17.4)(16.8)(16.9)(16.6
IMF2.92.42.62.7
Exchange rate: CFAF/U.S. dollar 3/256.5259.0275.3294.8
Sources: IBRD, Debtor Reporting System; and IMF, International Financial Statistics.

Data may not add up because of rounding.

Includes export credits.

End of period exchange rate.

Sources: IBRD, Debtor Reporting System; and IMF, International Financial Statistics.

Data may not add up because of rounding.

Includes export credits.

End of period exchange rate.

Table 40.Mali: Structure and Terms of New Loan Commitments. 1990–94(In millions of U.S. dollars, unless otherwise specified)
19901991199219931994
Category of lender
Bilateral loans37.52224.74021.4425.801
Multilateral loans69.611179.568144.42480.437116.769
Suppliers’ credits
Financial institutions
Total107.133179.568169.164101.879122.570
Average terms
Interest rate (percent)1.20.91.92.00.7
Maturity (years)32.840.131.431.030.6
Grace period (years)9.89.48.57.28.3
Grant element (percent)73.177.963.362.871.1
Source: IBRD, Debtor Reporting System and Malian authorities.
Source: IBRD, Debtor Reporting System and Malian authorities.
Table 41.Mali: Debt Service on Medium- and Long-Term External Public Debt, 1990–94 1/2/
19901991199219931994

Prel.
(In billions of CFA francs)
Total scheduled debt service 3/48.643.847.947.594.1
Interest13.310.210.99.621.9
Principal35.333.637.037.972.3
Debt service with China0.43.04.64.710.4
Interest
Principal0.43.04.64.710.4
Debt service with Russia23.320.221.820.232.1
Interest4.91.82.92.52.8
Principal18.418.318.817.729.3
IMF6.43.62.62.96.2
Charges and interest1.41.00.90.40.8
Repurchases and repayments5.02.71.72.55.4
Scheduled debt service (excluding China, Russia, and IMF) 3/18.517.018.919.745.4
Interest7.07.47.16.718.2
Principal11.59.611.813.027.2
Scheduled debt service 3/ (excluding China, Russia, and including IMF)24.920.721.522.651.6
Interest8.48.47.97.119.0
Principal (excluding IMF)11.59.611.813.027.2
Repurchases to IMF5.02.71.72.55.4
(In percent of exports of goods and nonfactor services)
Debt service ratio (including China and Russia) 3/42.636.644.140.343.9
Interest11.68.510.08.110.2
Principal30.928.134.132.233.7
Debt service ratio vis-à-vis the IMF5.63.02.42.52.9
Debt service ratio (excluding China and Russia and including IMF) 3/21.817.319.819.224.0
Interest7.47.07.36.08.9
Principal14.410.312.413.215.2
(In billions of CFA francs)
Debt rescheduling 4/3.80.73.05.87.1
Debt cancellation2.3
Exports of goods and nonfactor services114.2119.8108.6117.8214.6
Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

After debt cancellation until 1993; before debt rescheduling.

Excluding payment of arrears on external debt.

On current debt service obligations.

Sources: Data provided by the Malian authorities; and staff estimates.

Data may not add up because of rounding.

After debt cancellation until 1993; before debt rescheduling.

Excluding payment of arrears on external debt.

On current debt service obligations.

Table 42.Mali: Nominal and Real Effective Exchange Rate Indices, 1989–95 1/
NominalReal
(1980 -100)
1989
First quarter89.1076.86
Second quarter89.5776.62
Third quarter90.0575.53
Fourth quarter91.1577.71
1990
First quarter92.2176.65
Second quarter92.6676.15
Third quarter92.2976.19
Fourth quarter92.3877.12
1991
First quarter91.8676.38
Second quarter91.0974.35
Third quarter91.0373.41
Fourth quarter91.4171.29
1992
First quarter91.6069.99
Second quarter91.9267.85
Third quarter92.8067.15
Fourth quarter94.3168.53
1993
First quarter94.5667.48
Second quarter94.2167.11
Third quarter92.9266.62
Fourth quarter93.2266.71
1994
First quarter46.6837.93
Second quarter46.7240.23
Third quarter47.0942.54
Fourth quarter47.0043.36
1995
First quarter47.1343.36
Second quarter47.2645.46
Source: IMF, Information Notice System (INS).

Period averages, based on the following average trade weights (in percent): France (49.54), Germany (11.91), United Kingdom (11.73), Belgium (7.48), Japan (4.22), Italy (2.91), the Netherlands (2.27), United States (2.05), and other countries (7.89).

Source: IMF, Information Notice System (INS).

Period averages, based on the following average trade weights (in percent): France (49.54), Germany (11.91), United Kingdom (11.73), Belgium (7.48), Japan (4.22), Italy (2.91), the Netherlands (2.27), United States (2.05), and other countries (7.89).

Appendix 1: Mali: Summary of Tax System as of June 30, 1995
TaxNature of TaxExemptions and DeductionsRates
1. Tax on Income and Profits
1.1 Tax on industrial, commercial, and professional profits (BIC; BNC)Tax on net income of enterprises, whether set up as companies or not, of some cooperatives, and of liberal professions and public sector enterprises. Nonresident companies are taxed on that part of their profits derived in Mali. There are special provisions for the extractive industries. Losses in deficit years may be carried forward and deducted from the results of the following three years.Exemptions: enterprises with less than CFAF 5,000,000 turnover, nonprofit consumer cooperatives without sales outlets, rural production and development enterprises, mutual agricultural credit funds. Profits subject to IRF and ICRM, and taxpayers subject to business license fees (patantes) are also exempt.

Special deductions: under certain conditions, investment expenditure of up to 50 percent of profits.
Limited liability companies (SA & SARL):35 percent
Partnerships and individual enterprises:15 percent
Craftsmen:10 percent
1.2 Minimum presumptive taxLevied on enterprises with no appropriate accounting.0.75 percent on turnover.
1.3 Scheduler tax on agricultural profits 1/Levied on agricultural profits and established on a lump-sum basis; option exists for taxation on actual profits.Exemption of five years for new agricultural enterprises.10 percent.
1.4 Schedular tax on rental income (IRF)Levied on rental income from real estate. A withholding is required each month on monthly rentals exceeding CFAF 50,000 at the following rates:Various exemptions are allowed for in the Tax Code, e.g., a 5-year exoneration for new or reconstructed buildings.20 percent.
– 18 percent on rentals from durable or semidurable construction;

–12 percent on rentals from nondurable construction.
1.5 Tax on road transportersFinal tax on road transporters (whose turnovers do not exceed CFAF 5,000,000 or own fewer than 4 vehicles) in lieu of the following taxes:

- general income tax; business license fees;

- tax on vehicles;

- payroll tax for their employees;

- general income tax withholding for their employees; and

-service tax (TPS).
Variable rates from CFAF 88,000–414,000 based on vehicles’ capacity and age.
1.6 Tax on capital income (ICRM)Scheduler tax oh payments of dividends and interest. Enterprises paying such income must withhold the tax at source.Cooperatives, mutual agricultural credit funds, savings bank accounts, agricultural cooperatives, government bonds, loans from the Banque de Développement du Mali (BDM).
Standard rate:18 percent
Special rate:

for prizes (lots) paid to bearers of bonds;
25 percent
Reduced rate:

for interest on savings accounts, interest-bearing bonds issued by Malian companies and on dividend payments by all companies during the first 42 months of operations.
9 percent
1.7 General income tax (IGR)Annual progressive tax on household income from all sources, including benefits in kind. The tax is withheld at source for wages and salaries and for nonexempt pensions. Agricultural, industrial, commercial and professional profits, and rental and capital incomes are also subject to this tax in addition to their scheduler taxes (See 1.1, 1.3, 1.4 and 1.6 above).Salaries of foreign diplomats are exempt on a reciprocal basis. A deduction of CFAF 100,000 is applied to the global taxable income. Total income is split into parts (quotient familial): one part for taxpayer; one part for the spouse; a quarter of a part for each dependent child (a full part for invalid child). Scheduler taxes paid on income and profits and on paid interest are deductible from the taxable base.
Income brackets

(in CFA francs)
Rates

(in X)
0 to 25,0000
25,001 to 100,0008
100,001 to 200,00012
200,001 to 325,00018
325,001 to 500,00025
500,001 to 750,00030
750,001 to 1,000,000
35 1,000,001 to 1,500,00040
1,500,001 to 2,000,00045
Over 2,000,00050
2. Contributions for Social Security
2.1 Family allowancesEmployer contribution8 percent.
2.2 Sickness and occupational accidentsEmployer contribution.
Sickness:2.0 percent
Accidents:4.0 percent
2.3 RetirementContributions from employers and employees.
Employers:3.4 percent
Employees:3.6 percent
3. Payroll Taxes
3.1 Payroll tax due from employerLevied on the wage bill of enterprises, including the real value of remunerations in kind.Exemption of 3 years for employers recruiting university graduates; exemption of 2 years for employers recruiting employees laid off for economic reasons.7.5 percent.
3.2 Professional taxLevied on the wage bill and earmarked to the Manpower Office for Professional Training.Government and regional administrations are exempt.1 percent.
4. Taxes on Property
4.1 Real estate taxTax applicable to company-owned buildings, including those owned by religious missions. The tax base is the imputed rent; the same qualifications as for the IRF (See 1.4 above) apply.Public buildings; real estate companies; charitable organizations; rural production and development companies; cooperatives; mutual agricultural credit funds; medical institutions; religious mission buildings used for teaching purposes, health care, and religious activities.
Real estate of religiousmissions:0.5 percent
Other:20.0 percent
4. 2 Registration feesApplies among others to transfers of real estate, business capital; and rental and lease contracts.50 percent deduction if the building was destroyed.
Sale of buildings and transfer of rental contract:20 percent
Rental contractfees:23 percent
Sale or rental of furniture:10 percent
Transfer of business:20 percent
Gift and inheritance duties: rates varying from 8 percent to 20 percent for transfers between spouses and direct ascendants and descendants; and from 20 percent to 50 percent for other heirs.
4.3 Livestock taxLevied according to the size of herds.Exemptions: Certain farm animals.Tax varies according to species from CFAF 50–800 per head.
5. Tax on Goods and Services
5.1 Value-added tax (VAT)Tax on commercial, industrial, or artisanal activities, construction work or imports based on the amount of sales, value of work or imports, all costs and duties included. The base does not include the value-added tax itself.Bread, petroleum products, some agricultural inputs, drugs, school books.
Reduced rate: Medical supplies, fertilizers, school supplies, cement, electricity, chemicals, agricultural equipments, basic food items10 percent
Normal rate: All other products that are not exempt.15 percent
Zero rate: All exports.0 percent
5.2 Tax onservices (TPS)Tax on service activities, based on the amount received in return for the service in question, all costs and duties included except the VAT and the TPS (for banks: all interest earnings).Social or agricultural credit operations, services in respect of the typesetting and printing of periodicals, medical and veterinary services, agricultural work.
Reduced rate: Services relating to water supply, leasing of medical equipment, transport, telephone.7 percent
Normal rate: All other services that are not exempt.15 percent
5.3 Selective excisesTaxes on local manufactures or on specific imported products based on the selling price or the c.i.f. value of imported goods.
Milk:10 percent
Alcoholic beverages: 3 variable rates (40, 50, and 80 percent)
Soft drinks:10 percent
Tobacco products: 3 variable rates (20, 40, and 80 percent)
Cola:15 percent
5.4 Ad valorem tax on goldLevied on crude gold sales at production stage.3 percent.
5.5 Businesslicense fee (Patentee)Levied on all individuals or legal entities engaged in commerce, industry, or a profession in Mali. This comprises a proportional business license fee, calculated on the rental value of business premises, and a fixed fee established by area and type of activity.Exemptions: enterprises with less than CFAF 1,000,000 turnover, sports, cultural, and recreational associations and other nonprofit activities.

Partial exemptions: recent university graduates during the first three years of activity on their own account on a declining basis (100 percent, 50 percent, 25 percent). Idem for civil servants who leave their jobs under the voluntary departures program, as well as for workers laid off for economic reasons.
Proportional rate:10 percent
Flat rates:variable from CFAF 7,200 to CFAF 1,000,000.
5.6 Special business licences fees (Licences)Levied on enterprises engaged in wholesale or retail sale of alcoholic beverages. They are established at flat rates by two regions (Bamako and other areas).Flat rates vary from CFAF 9,000 to 150,000.
5.7 Motor vehicles taxTax on vehicles in use.Exemptions: agricultural trucks and vehicles belonging to the civil and military authorities.Based on vehicle power; varies from CFAF 7,000 to CFAF 75,000.
5.8 Taxes on firearmsAnnual levy on firearms owners.Exemptions: arms held by officers and arms in stock.Variable rates from CFAF 625 to CFAF 7,500 according to type of firearms.
5.9 Tax on insurance contractsLevied on premiums paid for insurance contracts.Reinsurance contracts and export credit and life insurance contracts.4 percent for land, sea, river and air transport risks.

20 percent for all other insurance contracts.
6. Taxes on International Trade
6.1 Customs duties on importsLevied on the c.i.f. value of all imports from all countries.Productive capital goods, agricultural inputs, pharmaceutical products, and solar energy equipment.Ad valorem duties at the rates of zero or 5 percent.
6.2 Fiscal duty on importsLevied on the c.i.f. value of all imports from all countries.Productive capital goods and selected raw materials used for local production.Ad valorem duties at the rates of zero, 10, or 25 percent.
6.3 VAT on importsSee 5.1 above.See 5.1 above.See 5.1 above.
6.4 Regional cooperation tax (TCR) 2/Levied on imports of products originating in a WAEC member country, if the enterprise or product is covered by the TCR agreement. Replaces customs duties and fiscal duties.Duty levied in accordance with TCR tariff, the rate of which is lower than the customs duty, VAT, and excises on imports.
6.5 Variable tax on imports (TCI) 3/Levied on imported sugar and rice to protect local production.Rates vary according to world prices of sugar and rice. At present rates are: 55 percent on imported sugarand 25 percent on imported rice.
6.6 Selective excises on imported goods.See 5.3 aboveSee 5.3 above.
6.7 Declining protection tax 3/Levied on 73 import products competing with local products for a period of four years beginning 1992.
Maximum rate:40 percent (1992)
This rate is reduced by 10 percentage points each year:
30 percent (1993)
20 percent (1994)
10 percent (1995)
0 percent (1996)
6.8 Communal solidarity taxLevied on the c.i.f. value of goods imported from nonmember countries of the WAEC.Petroleum products.1 percent.
6.9 Customs service feeLevied on the c.i.f. value of imported goods from all countries for customs clearance services provided by the Customs Department.
Petroleum products:3 percent
Other imports:5 percent
6.10 Special tax on petroleum importsLevied on petroleum products in lieu of VAT, excises and import duties, and other import levies except customs services fee consolidated in June 1992. Tax base is a standard value determined by the Customs Department.Six variable rates by product: 2, 3, 10, 25, 90, and 125 percent.
7. Other Taxes
7.1 Regional and local development tax (TDRL)Levied on individualsChildren under 14 years and students.Variable rates by region (from CFAF 875 to CFAF 3,000).
7.2 Stamp dutiesApplies to legal instruments, correspondence with the Government, drivers’ licenses, and import and export licenses.Rates are fixed according to the nature of the legal document.
Source: Information provided by the Malian authorities

Suspended since 1979.

Suspended since August 1993.

Suspended since February 1994.

Source: Information provided by the Malian authorities

Suspended since 1979.

Suspended since August 1993.

Suspended since February 1994.

Appendix II: Mali: List of Selected AcronymsBCEAO

Banque Centrale des Etats de l’Afrique de l’Ouest

BDM-SA

Banque de Développement du Mali - Societe Anonyme

BOAD

Banque Ouest-Africaine de Développement

CAA

Caisse Autonome d’Amortissement

CCP

Comptes Cheques Postaux

CMDT

Compagnie Malienne pour le Développement des Textiles

CMTR

Compagnie Malienne de Transports Routiers

CNAUR

Commission Nationale d’Aide d’Urgence et de Rehabilitation

COMANAV

Compagnie Malienne de Navigation

COMATEX

Compagnie Malienne des Textiles

DNSI

Direction Nationale de la Statistique et de 1’Informatique

DNT

Direction Nationale des Transports

EDIM

Editions Imprimerie du Mali

EDM

Energie du Mali

EMAB

Entreprise Mallenne du Bois

EMAMA

Entreprise Malienne de Maintenance

FDT

Fonds de Développement du Tourisme

FFN

Fonds Forestier National

FM

Fonds Minier

FNL

Fonds National du Logement

FR

Fonds Routier

FRUITEMA

Fruit-Export du Mali

HUICOMA

Huilerie Cotonniere du Mali

INPS

Institut National de Prevoyance Sociale

INRSP

Institut National de la Recherche en Sante Publique

ITEMA

Industrie Textile du Mali

LCV

Laboratoire Central Veterinalre

LONAMA

Loterie Nationale du Mali

LPM

Librairie Populaire du Mali

OCINAM

Office Cinematographique National du Mali

ODIMO

Office de Développement Industriel Mali Ouest

ODIPAC

Office de Développement Industriel des Produits Agricoles

ODR

Operation de Développement Rural

OERHN

Office d’Exploitation des Ressources Hydrauliques du Haut Niger

ON

Office du Niger

ONP

Office National des Postes

OPAM

Office des Produits Agricoles du Mali

OPT

Office des Postes et Telecommunications

OSRP

Office de Stabilisation et de Regulation des Prix

OTER

Operation de Travaux et d’Equipement Rural

PESAP

Public Enterprise Sector Adjustment Program

PPM

Pharmacie Populaire du Mali

PRMC

Programme de Restructuration du Marche Cerealier

RCFM

Regie des Chemins de Fer du Mali

SAT

Societe Africaine de Transport

SCPCE

Societe des Cheques Postaux et de la Caisse d’Epargne

SEMA

Societe d’Equipement du Mali

SEPAMA

Societe d’Exploitation des Produits Arachidiers du Mali

SEPOM

Societe d’Exploitation des Produits Oleagineux du Mali

SGS

Societe Generale de Surveillance

SMAG

Salaire Minimum Agricole Garanti

SMECMA

Societe Mallenne d’Etude et de Construction de Materiel Agricole

SMIG

Salaire Minimum Industriel Garanti

SNS

Stock National de Securite

SOCAM

Societe des Conserves Alimentaires du Mali

SOCIMA

Societe de Cimenterie du Mali

SOCOMA

Societe des Conserves du Mali

SOCORAM

Societe de Commercialisation des Radios du Mali

SOMBEPEC

Societe Malienne du Betail, des Peaux et des Cuirs

SOMIEX

Societe Malienne d’Importation et d’Exportation

SOMISY

Societe des Mines d’Or de Syama

SONATAM

Societe Nationale des Tabacs et Allumettes du Mali

SONEA

Societe Nationale d’Exploitation des Abattoirs et Annexes

SONETRA

Societe Nationale d’Entreprises et de Travaux Publics

SOTELMA

Societe des Telecommunications du Mali

TAMALI

Tanneries du Mali

TOFE

Tableau des Operations Financieres de l’Etat

UCEMA

Usine de Ceramique du Mali

ULB

Union Laitiere de Bamako

UMIP

Union Malienne des Travaux Publics

WAEMU

West African Economic and Monetary Union

WAMU

West African Monetary Union

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