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Mali

Author(s):
International Monetary Fund
Published Date:
January 2004
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Revised Methodology for National Accounts

1. In September 2002, the Council of Ministers of the West African Economic and Monetary Union adopted a set of rules harmonizing the methodology for compiling the national accounts of all states in the union.1 The purpose of the new rules is to ensure that the data used in determining whether countries observe the union’s convergence criteria are compiled according to the same methodology. The main points of the new rules areas follows:

  • the inclusion of the imputed rent of owner-occupied dwellings;

  • the inclusion of construction by households;

  • the inclusion of consumption of fixed capital by the government;

  • the exclusion of value-added tax from the value added of each sector; and

  • the recording of the agricultural production in year n for crops striding year n/n+1;

2. In addition, in the case of Mali, the value added of the cotton and rice sectors were split into two parts, with the activities relating to the production of seed cotton and rice recorded in the primary sector, and the activities related to ginning and hulling recorded in the secondary sector.

3. The new methodology results in large changes in the level of both nominal and real GDP, as well as in their yearly growth rates (Box 1 and Statistical Appendix Tables 1 and 2). The level was raised by the inclusions of the imputed rent of owner-occupied dwellings and the consumption of fixed capital but reduced by the exclusion of value-added taxes. The large revisions in annual growth rates reflect the shift in the timing of crop recording. Such a shift has a major impact on growth because of the importance of the agricultural sector and the large fluctuations in output, which depends mostly on uncertain rainfall.

4. The production and marketing of crops generally span two years, with the growing season occupying mostly the second half of each calendar year and the marketing being done mostly in the first half of the following year.2 In compliance with the System of National Accounts 1993 recommendations that output should be recorded at the time it is produced, agricultural production spanning years n and n + 1 is now recorded under year n.

Box 1.Mali: Impact of Change in Methodology For Rea GDP

200020012002
Value (in billions of CFA franc)Growth rate (In percent)Value (in billions of CFA franc)Growth rate (In percent)Value (in billions Of CFA franc)Growth rate (In percent)
Primary sector
Old 1/429.06.2373.8-12.9434.516.2
New351.1-10.4392.111.7374.9-4.4
Of which: agriculture
Old 1/264.28.0204.6-22.60262.028.1
New186.3-19.8222.819.6202.4-9.2
Secondary sector
Old177.27.5232.331.1259.011.5
New 1/215.54.4271.726.1326.120.0
Tertiary sector
Old307.6-0.8327.49.5329.32.5
New371.1-4.3392.25.7396.41.1
Real GDP
Old965.13.7999.03.51096.19.7
New1,002.7-0.31,136.49.71,186.94.4
.3
Nominal GDP
Old1,741.74.21,927.710.72,194.613.8
New1,899.45.72,210.516.42,344.86.1
Sources: Malian authorities.

5. Imputed rents cover the rental services for dwellings occupied by their owners. Until now, only market rental services were used to evaluate rental services in the national accounts. The broadening of the account coverage to include imputed rents takes into account the estimated rents that home owners would have to pay if they were renting. The imputed rents are estimated on the basis of the household survey of 1987. The values for subsequent years are extrapolated from population growth.

6. Fixed capital consumption of government is a production cost; it is defined as the decrease in the current value of the stock of fixed assets held and used by the government to produce goods and services, of foreseeable obsolescence or of accidental damage that may be considered normal. Fixed capital consumption is equivalent to the data on depreciation. A life span of five years was chosen for equipment, and a lifespan often years was chosen for buildings and public works.

7. The changes in the methodology are also reflected in the demand side (Statistical Tables 3 and 4); in particular, in the measurement of overall consumption and gross fixed capital formation. Household consumption includes imputed rents, and government consumption takes into account the fixed capital consumption of general government. Finally, the recording of agricultural production in year n results in an increase (or decrease) in stocks, when production increases (or decreases), since it is assumed to be consumed the following year. This may result in large fluctuations in gross capital formation, but not in gross fixed capital formation.

Table 1.Mali: Gross Domestic Product at Constant 1987 Prices 1996-2002(New methodology)
1996199919981999200020012002

Est.
(In billions of CFA francs)
Primary sector327.5328.0363.9392.0331.1392.1374.9
Agriculture184.4182.1209.6232.4186.3222.8202.4
Food crops, excluding rice110.7106.1125.5146.0117.2120.9124.4
Rice35.432.740.646.242.954.139.9
Industrial crops excluding cotton 1/8.08.59.09.610.19.710.1
Cotton30.434.834.530.616.238.027.9
Livestock92.293.9100.8104.8108.6111.6113.4
Fishing and forestry50.952.053.454.856.257.759.1
Secondary sector159.7203.7226.4206.5215.5271.7326.1
Mining16.546.358.065.070.7134.2165.3
Industry92.3104.2111.886.384.472.591.1
Agribusiness23.825.724.827.431.029.028.7
Textile31.738.041.39.99.29.710.1
Other manufacturing branches42.346.150.753.048.238.356.7
Of which: cotton ginning24.127.931.931.728.114.834.1
Energy11.513.214.613.516.518.020.8
Construction and public works39.440.041.341.643.946.949.0
Tertiary sector319.7322.5337.9355.9371.1392.2396.4
Transportation40.341.747.550.653.155.354.1
Trade115.1115.8120.8133.4138.4153.2151.9
Other non financial services75.174.475.677.877.677.980.2
Financial services7.77.88.28.38.78.88.8
Public administration81.582.885.885.993.496.9101.3
GDP (at factor cost)806.8854.2928.1954.4937.61,056.01,097.3
Import taxes and domestic VAT65.371.077.981.765.180.489.6
GDP (at market prices)872.1925.21,006.01,036.11,002.71,136.41,186.9
GDP deflator167.6173.6176.3173.4189.4194.5197.6
(Annual percent change, unless otherwise Indicated)
Primary sector2.30.210.97.7-10.411.7-4.4
Agriculture5.0-1.215.110.9-19.819.6-9.2
Food crops, excluding; rice-2.54.118.316.4-19.73.22.9
Rice32.77.424.013.9-7.226.1-26.2
Industrial crops, excluding cotton 1/-12.96.36.66.25.06.43.6
Cotton15.814.5-0.7-11.4-47.2135.2-26.5
Livestock-2.71.87.43.93.62.81.6
Fishing and forestry2.32.22.62.72.52.52.6
Secondary sector9.827.511.1-8.84.426.120.0
Mining6.3181.326.610.88.889.823.1
Industry12.312.87.3-22.8-2.2-14.125.6
Agribusiness-7.58.1-3.410.513.1-6.4-1.1
Textile28.320.08.776.1-6.34.84.1
Other manufacturing branches20.18.910.14.4-9.1-20.648.1
Of which: cotton ginning38.215.814.5-0.7-11.4-47.2135.2
Energy3.815.010.6-7.321.79.615.1
Construction and public works7.11.43.30.85.36.94.4
Tertiary sector6.60.94.85.34.35.71.1
Transportation7.13.414.16.34.94.3-2.1
Trade12.00.64.310.53.710.8-0.9
Other non financial services2.1-0.91.62.9-0.20.52.9
Financial services4.41.64.02.24.81.00.4
Public administration3.71.63.60.08.83.84.5
GDP (at factor cost)5.45.98.72.8-1.812.63.9
Import uses and domestic VAT33.78.79.74.9-20.323.511.4
GDP (at market prices)7.16.18.73.0-3.213.34.4
Memorandum items:
GDP deflator (percent change)-2.43.61.6-1.69.22.71.6
Nominal GDP (In billions of CFA francs)1,461.81,606.01,773.91,797.11,899.42,210.52,344.8
Sources: Malian authorities and staff estimates.
Table 2.Mali: Gross Domestic Product at Constant 1987 Prices, 1996-2002(Previous methodology)
1996199719981999200020012002

Est.
(In billions of CFA francs)
Primary sector344.5360.6370.0404.0429.0373.8434.5
Food crops142.3148.9141.5169.3195.9163.5179.4
Industrial crops 1/59.466.275.275.268.341.182.6
Livestock91.893.5100.0104.7108.6111.6113.4
Fishing10.110.210.410.510.710.911.0
Forestry40.841.843.044.345.546.848.1
Secondary sector122.6151.1160.9164.8177.2232.3259.0
Industry45.351.350.948.854.555.057.4
Mining15.838.046.450.956.5104.7128.2
Handicrafts20.720.421.021.320.123.521.9
Construction and public works40.941.442.743.846.049.251.6
Tertiary sector259.7261.7276.1293.2307.6327.4329.3
Transportation40.942.248.151.453.956.255.1
Trade118.3118.9123.8136.5141.6156.9155.8
Public administration52.452.554.253.259.360.461.8
Other services48.148.150.052.152.753.956.6
GDP (at factor cost)726.8773.4807.0862.0913.7933.61,022.8
Import taxes51.657.364.868.651.365.473.4
GDP (at market prices)778.4830.7871.9930.6965.1999.01,096.1
(Annual percentage change, unless otherwise indicated)
Primary sector-1.84.72.69.26.2-12.916.2
Food crops-11.04.6-5.019.715.7-16.59.7
Industrial crops 1/27.511.413.50.1-9.2-39.9101.2
Livestock-2.71.86.94.73.72.81.6
Fishing1.21.21.61.61.51.41.4
Forestry2.52.52.92.92.82.82.8
Secondary sector5.523.26.52.47.531.111.5
Industry0.913.3-0.8-4.111.70.94.3
Mining7.5140.821.99.811.185.122.5
Handicrafts7.6-1.32.81.6-5.616.6-6.9
Construction and public works8.91.13.22.65.07.04.8
Tertiary sector8.60.85.56.24.96.50.6
Transportation7.53.313.96.94.94.2-2.0
Trade13.10.54.210.33.710.8-0.7
Public administration3.90.23.2-1.911.51.92.3
Other services4.2-0.14.14.11.32.25.0
GDP (at factor cost)2.96.44.36.86.02.29.6
Import taxes27.711.013.15.8-25.127.512.1
GDP (at market prices)4.36.74.96.73.73.59.7
Memorandum items:
GDP deflator6.61.16.7-1.70.56.93.8
GDP at current market prices 2/1,318.91,422.51,592.51,670.81,741.71,927.72,194.6
Source: Malian authorities.
Table 3.Mali: Origin and Use of Resources, 1996-2002(New methodology)
1996199719981999200020012002

Est.
(In billions of CFA francs)
Gross domestic product1,461.81,606.01,773.91,797.11,899.42,210.52,344.8
Consumption1,368.71,378.81,564.61,690.31,679.51,823.51,900.0
Government313.1329.3197.2223.1224.3252.6295.0
Nongovernment1,055.61,049.51,367.41,467.11,455.21,570.81,605.0
Domestic saving93.1227.2209.4106.8220.0387.0444.8
Government28.719.628.218.415.2-6.813.5
Nongovernment64.4207.6181.288.4204.7393.8431.3
Investment305.3377.7369.5292.7429.2603.1478.9
Government123.1118.9155.3159.8154.7142.6176.4
Nongovernment182.3258.8214.3132.9274.5460.5302.5
Resource gap-212.2-150.5-160.2-185.9-209.2-216.0-34.1
Exports of goods and services267.9374.4379.7418.4453.3634.6755.0
Imports of goods and services-480.1-524.9-539.9-604.3-662.5-850.6-789.1
(In percent of GDP)
Gross domestic product100.0100.0100.0100.0100.0100.0100.0
Consumption93.685.988.294.188.482.581.0
Government21.420.511.112.411.811.412.6
Nongovernment72.265.377.181.676.671.168.4
Domestic saving6.414.111.85.911.617.519.0
Government2.01.21.61.00.80.30.6
Nongovernment72.265.377.181.676.671.168.4
Investment20.923.520.816.322.627.320.4
Government8.47.48.88.98.16.47.5
Nongovernment12.516.112.17.414.520.812.9
Resource gap-14.5-9.4-9.0-10.3-11.0-9.8-1.5
Exports of goods and services18.323.321.423.323.928.732.2
Imports of goods and services-32.8-32.7-30.4-33.6-34.9-38.5-33.7
Memorandum items:(In billions of CFA francs)
Current account deficit, excluding official transfers-185.7-135.3-143.6-176.1-226.9-275.9-136.5
Of which: private transfers46.142.640.045.844.351.158.5
Official transfers52.331.127.624.145.748.436.8
Net factor income-22.0-30.2-30.0-43.2-69.9-121.7-160.9
National saving171.9273.5253.5140.7248.0375.5379.2
(In percent of GDP)
Current account deficit, excluding official transfers-12.7-8.4-8.1-9.8-11.9-12.5-5.8
Of which: private transfers3.22.72.32.52.32.32.5
Official transfers3.61.91.61.32.42.21.6
Net factor income-1.5-1.9-1.7-2.4-3.7-5.5-6.9
National saving11.817.014.37.813.117.016.2
Sources: Malian authorities; and Fund staff estimates.
Table 4.Mali: Origin and Use of Resources, 1996-2002(Previous methodology)
1996199719981999200020012002
(In billions of CFA francs)
Gross domestic product1,318.91,422.51,592.51,670.81,741.71,927.72,194.6
Consumption1,233.21,211.21,363.81,523.31,590.21,729.81,803.5
Government177.2210.2224.8252.3257.2296.6354.4
Nongovernment1,056.01,001.01,139.01,271.01,333.01,433.21,449.1
Domestic saving85.7211.3228.7147.6151.5191.9391.1
Government28.719.630.220.312.723.534.0
Nongovernment57.0191.7198.5127.2138.8174.4357.1
Investment297.9361.8388.9333.2356.3405.9417.0
Government123.1118.9147.1151.3156.0151.8181.9
Nongovernment174.8242.9241.8181.9200.3254.1235.1
Resource gap-212.2-150.5-160.2-185.7-204.8-208.1-25.8
Exports of goods services267.9374.4379.7418.6457.7640.8761.5
Imports of goods services-480.1-524.9-539.9-604.3-662.5-848.9-787.4
(In percent of GDP)
Gross domestic product100.0100.0100.0100.0100.0100.0100.0
Consumption93.585.185.691.291.389.782.2
Government13.414.814.115.114.815.416.1
Nongovernment80.170.471.576.176.574.366.0
Domestic saving5.714.914.48.88.710.317.8
Government2.21.41.91.20.71.21.5
Nongovernment4.313.512.57.68.09.016.3
Investment22.625.424.419.920.521.119.0
Government9.38.49.29.19.07.98.3
Nongovernment13.317.115.210.911.513.210.7
Resource gap-16.1-10.6-10.1-11.1-11.8-10.8-1.2
Exports of goods and services20.326.323.825.126.333.234.7
Imports of goods and services-36.4-36.9-33.9-36.2-38.0-44.0-35.9
Memorandum items:(In billions of CFA francs)
Current account deficit, excluding official transfer-185.7-135.3-147.3-179.9-228.1-274.2-137.2
Of which: private transfers46.142.640.045.844.351.149.5
Official current transfers52.331.127.624.145.748.428.8
Net factor income-22.0-30.2-30.0-43.2-71.1-121.7-160.9
National saving164.5257.6269.2177.4173.9180.2308.5
(In percent of GDP)
Current account deficit, excluding official transfer-14.1-9.5-9.3-10.8-13.1-14.2-6.3
of which: private transfers3.53.02.52.72.52.72.3
Official transfers4.02.21.71.42.62.51.3
Net factor income-1.7-2.1-1.9-2.6-4.1-6.3-7.3
National saving12.518.116.910.610.09.314.1
Sources: Malian authorities; and Fund staff estimates.
Table 5.Mali: Agricultural Production and Average Producer Prices, 1996/97-2002/03 1/
1996/971997/981998/991999/002000/012001/022002/03
(In thousands of metric tons)
Production (gross)
Cotton452523519460243571439
Groundnuts134143151158166140121
Millet739577732858722792795
Sorghum541503539641533518642
Maize294311354397205302364
Paddy rice627511634722671941710
Average producer prices(In CFA francs per kilogram)
Cotton 2/3/155170185150170200180
Floor price125125145150170200180
Rebate from profit sharing3030400000
Groundnuts249150152159159127149
Millet77105717071133143
Sorghum7798868486133143
Maize6980676667105113
Paddy rice105123115113116130141
Source: Malian authorities.
Table 6.Mali: Cereals - Cultivated Area and Rainfall, 1995/96-2002/03 1/
1960-90

Average
1995/961996/971997/981998/991999/002000/012001/022002/03
(In thousands of hectares)
Cultivated area
Millet/sorghum1,4232,1371,4761,4511,5271,6612,0571,8442,480
Deviation 2/5042717453074
Maize97207186203239426161261317
Deviation 2/1139210914633966169227
Paddy rice159307328328326325353468360
Deviation 2/93106106105104122194126
(In millimeters, unless otherwise indicated; April-October) 3/
Rainfall
Millet/sorghum720525579586602692656694504
Deviation 2/-27-20-19-16-4-9-4-30
Maize8801,0338829381,4129317981,106847
Deviation 2/1707606-926-4
Paddy rice557399515328453585429452242
Deviation 2/-28-8-41-195-23-19-57
Sources: Malian authorities; and Fund staff estimates.
Table 7.Mali: Quarterly Retail Prices for Cereals, 1996-2003(In CFA francs per kilogram)
MilletSorghumMaizeRice (RM 40)
Annual averages 1/
1996151149141270
1997120118118254
1998152145137265
1999130130122272
200010610098276
2001156145140275
2002194192175274
20032/186177153251
1998
I119110112251
II148144141260
III178173165278
IV163153130273
1999
I131126119265
II133137127271
III134138126278
IV123120114273
2000
I10710198262
II10510098271
III1009996279
IV112103100277
2001
I119112111272
II159143142273
III173165161276
IV172159145279
2002
I173175165279
II191190179279
III207209191276
IV207195162261
2003 3/
I185181156252
II187179157251
III186172147250
Source: Malian authorities.
Table 8.Mali: Office du Niger - Indicators of Activity, 1994/95-2002/03 1/
Area Cultivated with Rice

(In hectares)
Paddy Rice Harvested

(In metric tons)
1994/9546,740209,979
1995/9650,911238,803
1996/9754,102267,980
1997/9853,876277,182
1998/9950,026295,000
1999/0055,727321,480
2000/0164,037365,122
2001/0266,050379,144
2002/0374,500427,807
Source: Malian authorities.
Table 9.Mali: Implementation of the Public Investment Program, 1996-2002(In billions of CFA francs)
1996199719981999200020012002
Rural development57.863.950.852.031.841.343.9
Agriculture45.853.839.543.828.637.941.2
Livestock5.05.35.12.91.22.41.8
Fisheries0.10.00.00.00.00.00.0
Forestry6.94.86.25.32.01.00.9
Secondary sector26.039.262.336.145.231.121.5
Mines and geology1.21.20.81.70.81.51.9
Water16.918.220.212.69.28.86.1
Energy7.618.739.820.834.818.911.6
Industry and handicrafts0.31.11.51.00.41.91.9
Tourism0.00.00.00.00.00.00.0
Infrastructure32.239.941.154.863.457.863.3
Roads21.723.525.728.323.528.542.2
Railroads0.00.01.75.54.60.11.1
Air transport and meteorology0.20.61.04.04.73.92.7
Post and telecommunications3.44.42.41.76.23.70.7
Surveying and mapping0.20.20.10.20.30.30.3
Buildings and equipment5.25.55.46.37.55.45.9
Urban development and housing1.25.34.28.215.614.210.3
Transport and storage0.30.40.60.61.01.70.1
Human resources45.833.642.840.539.945.758.4
Employment7.12.41.00.51.20.30.5
Education9.410.415.814.78.77.413.7
Sports, arts, and culture0.40.53.94.810.910.811.1
Health13.79.98.010.411.418.215.4
Information1.11.54.32.81.60.90.8
Administration14.18.99.87.36.18.116.9
Total161.8176.6197.0183.4180.3175.9187.1
Sources: Malian authorities (Direction Nationale de la Planification: Repépértoire National des Projets).
Table 10.Mali: Investment Budget for 1996-2003 and Existing Commitments for Public Investment, 2004-06 1/(In billion of CFA francs)
199619971998199920002001200220032004PTI 2/

2004-06
Rural development60.866.360.164.163.373.473.689.8106.4262.7
Agriculture46.251.349.455.155.211.967.671.895.2238.8
Livestock7.37.05.97.25.15.24.26.25.09.4
Fisheries0.00.00.00.00.00.00.00.60.93.8
Forestry7.38.05.42.43.01.31.84.25.310.1
Secondary sector36.642.155.051.841.228.732.325.421.155.3
Mines1.11.20.73.71.91.62.43.63.08.4
Water18.311.521.919.410.28.99.68.610.427.4
Energy17.023.131.9260.726.716.017.710.86.017.1
Industry0.10.30.51.92.32.22.62.41.72.4
Tourism0.10.00.00.00.00.00.00.00.00.0
Infrastructure33.039.863.574.590.691.086.291.590.3254.3
Roads21.528.621.131.939.745.345.948.148.2185.3
Rallroads3.32.16.46.37.43.25.26.11.74.5
Air transport0.41.01.94.15.46.03.82.11.21.3
Post and telecommunications0.60.65.66.48.54.94.55.83.81.2
Surveying0.10.20.20.20.40.40.30.30.02.1
Buildings5.15.25.47.87.511.510.617.622.938.3
Urban development1.41.414.516.019.218.115.711.112.114.9
Transport and storage0.60.71.21.62.31.60.20.40.40.7
Human resources50.050.340.143.956.557.772.890.790.9174.8
Employment6.23.81.10.90.50.50.30.51.81.8
Education8.612.812.617.613.912.414.728.334.062.3
Sports arts and culture0.20.40.21.611.011.211.411.611.516.4
Health21.618.113.910.721.120.920.929.224.953.2
Information1.52.23.73.51.11.10.91.60.81.6
Administration11.913.08.59.48.711.624.619.517.939.5
Total180.4198.5219.4234.9251.6261.8264.9297.4301.7297.1
Financing180.4198.5219.3234.9251.6261.8264.9297.4308.7747.1
External financing147.3155.6177.3181.4191.3195.9208.3219.5228.3599.5
Loans70.179.292.798.3118.6117.9124.5132.2135.435.2
Grants77.276.484.683.119.178.083.887.392.9247.5
Domestic financing33.142.942.033.553.365.956.617.980.4147.6
Budget24.228.625.835.146.251.852.974.178.9145.5
Self-financing7.712.812.915.16.26.72.32.10.40.5
Other1.21.53.33.30.92.41.41.11.11.6
Source: Malian authorities.
Table 11.Mali: Livestock Exports, Slaughtering, and Herd Size, 1996-2002(In thousands of heads, unless otherwise indicated)
1996199719981999200020012002
CattleSheep and goatsCattleSheep and goatsCattleSheep and goatsCattleSheep and goatsCattleSheep and goalsCattleSheep and goatsCattleSheep and goats
Exports216537396925308758293654398990757966200420
Controlled6521511934910825912932427944022742560185
Uncontrolled151322277576200499164330119550530541140235
Slaughtering4252,1374502,0253472,2123822,4334233,6263462,5333632,660
Controlled149321158319172395191432279419228456240479
Uncontrolled2761,8162921,7061751,8171912,0011443,2071182,0771232,181
Estimated herd size (end of period)5,88213,8096,05814,5006,24015,2256,42715,9866,69216,7856,90017,6007,10018,500
Source: Malian authorities.
Table 12.Mali: Index of Industrial Production, 1997-2003
1997199819992000200120022003
Q1Q2Q3Q4Q1Q2
(Index, 1983=100)
Chemicals and construction materials135.8129.0114.4108.391.4114.485.777.480.9100.685.9
Energy and machinery257.4296.8282.6308.3351.1366.3459.3380.9389.2401.8479.5
Food processing147.2135.4129.9209.2181.5218.8141.5105.5143.3197.0129.3
Textiles255.6255.1222.2193.5181.5548.3491.617.8200.1460.8159.5
Overall index199.8201.5182.6208.7197.6344.9304.1112.3192.8309.3186.5
(Annual percentage change)
Chemicals and construction materials-5.4-5.0-11.3-5.3-15.6-11.5-12.10.2
Energy and machinery14.515.3-4.89.113.910.99.74.4
Food processing5.4-8.0-4.161.0-13.2-21.0-10.0-8.6
Textiles28.1-0.2-12.9-12.9-6.210.2-16.0-67.6
Overall index15.40.9-9.414.3-5.3-2.4-10.3-38.7
Source: Malian authorities.
Table 13.Mali: Gold Production by Company, 1996-2002(Values in billions of CFA francs, volumes in metric tons, and unit values in CFA francs per gram, unless otherwise indicated)
1996199719981999200020012002
Total gold exports
Value39.8117.2133.1142.4189.4353.8411.6
Volume6.618.522.825.328.353.766.1
Unit value6,037.86,340.45,831.55,620.06,698.36,594.16,230.3
Yatela (Semos - Anglo-American)
Value0.00.00.00.00.033.255.3
Volume0.00.00.00.00.05.08.6
Unit value0.00.00.00.00.06,661.06,437.4
Morila (Anglo-Gold)
Value0.00.00.00.024.1156.1240.4
Volume0.00.00.00.03.523.438.9
Unit value0.00.00.00.06,929.06,661.06,178.6
Syama (Somisy - Randgold)
Value27.925.128.230.336.213.30.0
Volume4.44.14.86.15.72.10.0
Unit value6,356.46,173.45,813.04,957.36,392.06,377.00.0
Sadiola (Semos - Anglo-American)
Value0.080.493.8102.6116.4138.5102.9
Volume0.012.215.717.016.820.816.2
Unit value0.06,583.75,964.66,047.06,929.06,661.06,355.0
Orpaillage
Value11.911.711.19.612.612.713.0
Volume2.22.22.32.32.32.42.4
Unit value5,402.95,297.64,941.14,213.75,433.25,386.05,477.4
Memorandum item:
World price, in thousands of CFA francs per kilogram6,243.97,085.55,580.15,519.16,373.66,382.17,113.6
Source: Malian authorities.
Table 14.Mali: Production and Cost of Cotton Fiber, 1995/96-2002/03(In indicated units)
1995/961996/971997/981998/991999/002000/012001/022002/03
Production of seed cone D(1) 1/405.9452.1522.9518.1459.5242.7570.9439.7
Percent change38.511.415.7-0.9-11.3-47.2135.2-23.5
Production of fibers (1) 1/169.3189.6217.7217.1197.3101.9239.8181.3
Quantity exports216.0215.5195.7100.3236.9179.5
Quantity sold locally1.71.61.61.62.81.8
Fiber yield (3)=(2)/(1)0.40.40.40.40.40.40.40.4
Area cultivated 2/336.3418.6494.2500.1472.8228.4532.2449.3
Yield 3/1.21.11.11.01.01.11.11.0
Producer price (4) 4/155.0155.0170.0185.0150.0170.0200.0180.0
Minimum price155.0155.0140.0145.0150.0170.0200.0180.0
Profit sharing0.00.030.040.00.00.00.00.0
Equivalent unit price of cotton fiber (5)=(4)/(3) 4/371.6369.6408.4441.5349.4405.0476.2439.0
Unit production cost (6) 4/340.2371.6405.3410.9419.6466.9293.4307.9
Marketing cost32.141.546.854.458.776.042.639.3
Milling and storage cost103.1115.6125.0126.6129.0122.270.090.8
Insurance, freight, and other export costs118.7133.8135.6140.3138.3123.4126.174.4
Cost of road maintenance and public services42.242.329.87.03.82.61.13.9
Financial cost6.36.927.937.646.563.821.136.2
Other cost37.831.540.145.143.278.832.563.3
Total unit cost of cotton fiber (7)=(5)+(6) 4/711.8741.2813.6852.1769.0871.8769.6746.9
Average sale price of cotton fiber (9) 4/931.1879.8925.0808.5692.4682.5635.0709.0
Total revenue from cotton fiber (in billions of CFA francs)157.6166.8203.2177.5140.471.5152.1128.5
From exports199.8174.2135.568.4150.5127.3
From local sales0.90.90.81.11.81.3
Sale of cotton seed1.31.92.52.44.12.07.86.9
Total cost on cotton fiber (in billions of CFA francs)120.5140.5177.1185151.788.8184.5135.4
Gross CMDTs profit (in billion, of CFA francs) 5/37.126.326.1-7.5-11.3-17.3-32.3-6.9
Taxes and other government revenue (in billions of CFA francs)11.39.513.21.30.10.00.00.0
Average tax per kilogram of cotton fiber66.650.360.56.00.30.00.00.0
Total unit cost including taxes 4/778.5791.5874.1858.3769.3871.8769.6746.9
CMDT net profit before seed cotton 5/
Total (in billions of CFA francs)25.816.712.9-8.8-11.3-17.3-32.3-6.9
Per kilogram of cotton fiber152.688.359.3-40.7-57.4-169.7-134.6-37.9
Memorandum items:
Contribution to stabilization mechanism 4/36.915.117.2-3.5-38.30.00.00.0
Total unit cost, including stabilization mechanism 4/748.7756.3830.8848.8730.7871.8769.6746.9
World cotton price (WEO) (10) 4/933.9985.2924.2736.7818.0879.1677.0759.8
Percent change-12.65.5-6.2-20.311.07.5-23.012.2
Discount for Malian cotton (9)/(10) 6/-0.3-10.70.19.7-15.4-22.4-6.2-6.7
Discount for Malian cotton (in billions of CFA francs)0.520.0-0.2-15.624.820.010.19.2
Sources: Malian authorities: and Fund staff estimates.
Table 15.Mali: Quarterly Index of Consumer Prices in Bamako, 1999-2003:Q3

(Index, 1996=100) 1/

19992000200120022003
IIIIIIIV(Annual)IIIIIIIV(Annual)IIIIII
Food100.295.795.9102.2108.0107.6103.3106.4109.6114.2113.2110.8106.9106.3108.4
Clothing108.6104.4106.5109.7110.6111.1109.5110.1110.1108.4109.9109.6112.8112.3111.7
Housing, water, and energy102.0104.8106.9108.4111.4113.4110.0114.5114.5118.6120.9117.1119.4117.8115.9
Furniture and household article:105.0109.1106.3106.5106.5106.4106.4108.0109.3111.1110.1109.6111.0110.9110.9
Health109.7102.3102.5103.5104.0103.5103.4102.4110.0110.1111.5108.4117.7119.7120.6
Transport and communications100.1110.6114.7114.8114.0113.6114.3113.1118.2117.8117.8116.7120.9120.9122.2
Leisure and entertainment100.599.199.899.899.799.699.7100.6101.8102.3102.9101.9101.9102.2102.2
Education104.5104.7112.3112.3112.1113.7112.6112.0111.9112.4112.5112.2113.2113.5113.5
Hotels and restaurants102.2105.0106.3109.1109.7109.7108.7109.7111.1111.1111.6110.9107.2107.1106.8
Other goods and services111.4113.5114.6114.5114.6114.6114.6115.1114.7115.0115.1115.0113.8112.1113.4
Total102.1101.4102.3105.9109.2109.2106.6108.7111.3114.0113.8112.0111.0110.4111.5
Source: Malian authorities.
Table 16.Mali: Electricity and Water Rates, 1998-2003
199819992000200120022003

Feb.
Electricity(In CFA francs per kilowatt-hour, unless otherwise indicated)
High voltage 1/
Peak hours81899810210598
Off-peak hours364043454643
Low voltage
Low tariff 2/586464656764
Average tariff 2/9099112120128112
High tariff 3/105115131140149131
Public lighting
First 120 hours of use per month9099112120128112
Incremental use in the month626877828877
Memorandum items:
Rental and maintenance fees for high voltage (in CFA francs)11,60112,73813,98614,75515,42913,985
Annual lump sum payments (in CFA francs)13,89015,25116,74617,50018,30016,746
Value-added tax rate (in percent)101018181818
Water(In CFA francs per cubic meter, unless otherwise indicated)
General tariff by category
Category 1: 0 - 20 cubic meters per month104114126129135122
Category 2: 21 - 60 cubic meters per month257283311333358322
Category 3: 61 or more cubic meters per372409450505610549
Tariff for large users257283311333358322
Memorandum items:
Monthly lump-sum payments (in CFA francs)42,90047,19051,90955,54362,86956,682
Value-added tax rate (in percent)101018181818
Source: Malian authorities.
Table 17.Mali; Minimum Wages and Salaries in the Public Sector, 1996-2003(In CFA francs per month)
19961997199819992000200120022003

Est.
Contractual workers
Minimum wage for unskilled agricultural workers (SMAG)21,61323,22423,57324,08524,08524,08524,08524,085
Basic wage11,86313,47413,82314,33514,33514,33514,33514,335
Special allowance1,0001,0001,0001,0001,0001,0001,0001,000
Cost of living allowance2,2502,2502,2502,2502,2502,2502,2502,250
Solidarity allowance6,5006,5006,5006,5006,5006,5006,5006,500
Minimum wage for unskilled workers outside agriculture (SMIG)21,63823,30123,65024,16224,73024,73024,73024,730
Basic wage11,81113,47413,82314,33514,90314,90314,90314,903
Special allowance1,0001,0001,0001,0001,0001,0001,0001,000
Cost of living allowance2,2502,2502,2502,2502,2502,2502,2502,250
Adjustment of March 19807777777777777777
Solidarity allowance6,5006,5006,5006,5006,5006,5006,5006,500
Government employees
Low grade 1/34,04034,04035,34037,25441,63741,63741,63752,167
Base salary26,04026,04027,34029,25433,63733,63733,63744,167
Housing allowance1,5001,5001,5001,5001,5001,5001,5001,500
Special allowance0.00.00.00.00.00.00.00.0
Solidarity allowance6,5006,5006,5006,5006,5006,5006,5006,500
Middle grade 1/85,78685,78689,89495,942109,677109,677109,677149,750
Base salary82,28682,28686,39492,442106,177106,177106,177146,250
Housing allowance1,5001,5001,5001,5001,5001,5001,5001,500
Solidarity allowance2,0002,0002,0002,0002,0002,0002,0002,000
High grade 1/172,760172,760181,210193,650221,998221,998221,998266,750
Base salary169,260169,260177,710190,150218,498218,498218,498263,250
Housing allowance1,5001,5001,5001,5001,5001,5001,5001,500
Solidarity allowance2,0002,0002,0002,0002,0002,0002,0002,000
Source: Malian authorities.
Table 18.Mali: Employment in the Central and Regional Governments and the Public Enterprise Sector, 1996-2002
1996199719981999200020012002
Central and regional governments36,13837,34038,75040,45743,98044,72246,134
Civil servants31,96133,23533,53434,22635,45835,53136,486
Contractual employees and other4,1774,1055,2166,2318,5229,1919,648
Pubic enterprises 1/8,2307,8017,8587,3594,883
Source: Malian authorities.
Table 19.Mali: Central Government Consolidated Financial Operations, 1996-2002
1996199719981999200020012002
(In billions of CFA francs)
Revenue and grants302.5313.9344.8356.0359.9403.8474.2
Total revenue205.9229.7254.9272.6269.9320.1388.4
Budgetary revenue185.0207.9231.7247.8245.5292.6354.7
Tax revenue172.8196.3221.3235.3233.3281.6323.5
Direct taxes38.241.748.739.640.146.351.9
Indirect taxes134.6154.6130.0136.8128.8154.7183.9
Of which: value-added tax54.457.244.254.261.390.0108.2
Nontax revenue12.211.610.412.612.211.011.2
Special funds end annexed budgets20.921.823.224.824.427.533.7
Grants96.584.289.983.490.083.685.6
Projects69.863.470.368.857.856.169.2
Budgetary26.720.819.614.632.227.516.6
Total expenditure and net lending314.1345.2383.5417.5415.4474.9558.0
Budgetary expenditure304.0328.6363.9394.9393.5458.0529.2
Current expenditure142.3172.2169.8195.2200.2279.8308.7
Wages and salaries50.656.860.765.373.185.893.5
Goods and Services59.086.861.579.875.291.8109.0
Transfers and subsidies18.214.835.936.135.987.687.8
Interest14.513.811.714.016.014.618.4
Domestic debt0.91.20.81.41.60.82.1
External13.612.610.912.614.413.816.3
Capital expenditure161.6156.4194.1199.8193.3178.2220.5
Externally financed137.3124.5149.4147.4133.3116.3140.3
Domestically financed24.331.944.752.360.061.980.2
Special funds and annexed budgets20.721.823.224.824.427.533.7
Net lending-10.6-5.2-3.6-2.2-2.5-10.6-4.9
Overall fiscal balance, payment order basis
Excluding grants-108.1-115.5-128.6-144.9-145.5-154.8-169.7
Including grants-11.6-31.3-38.7-61.5-55.5-71.1-83.9
overall fiscal balance (cash basis)
Excluding grants-127.1-123.9-138.6-142.5-143.9-154.8-171.0
Including grants-30.6-39.7-48.7-59.1-53.9-71.1-85.2
Financing30.639.748.759.253.971.185.2
External financing (net)82.249.058.060.151.865.088.5
Loans102.172.783.991.782.478.4102.6
Project loans67.561.179.178.675.560.271.1
Budgetary loans34.611.64.813.16.918.231.5
Amortization-60.9-39.0-25.9-31.4-33.2-36.4-41.6
Debt relief, HIPC Initiative0.00.00.00.02.623.127.5
Domestic financing (net)-51.6-9.3-9.3-1.22.16.1-3.4
Banking system-46.0-1.9-4.01.8-17.917.3-9.9
Of which: IMF (net)11.512.51.87.4-3.34.1-10.0
Privatization receipts0.31.41.210.420.30.029.4
Other financing-5.9-8.7-6.4-13.4-0.3-11.2-22.9
Financing gap0.00.00.00.00.00.00.0
(In percent of GDP)
Revenue and grants20.719.519.419.818.918.320.2
Of which: total revenue14.114.314.415.214.214.516.6
Of which: tax revenue11.812.212.513.112.312.713.8
Total expenditure and net lending21.521.521.623.221.921.523.8
of which: health band education3.33.43.34.03.44.82.4
Current expenditure9.710.79.610.910.512.713.2
Overall fiscal balance
Payment order basis, excluding grants-7.4-7.2-7.2-8.1-7.7-7.0-7.2
Payment order basis, Including grants-0.8-1.9-2.2-3.4-2.9-3.2-3.6
Basic fiscal balance2.00.61.20.1-0.6-1.7-1.3
(In billions of CFA francs)
Memorandum items:
Nominal GDP, revised methodology1,461.81,606.01,773.91,797.11,899.42,210.52,344.8
Basic fiscal balance29.29.020.82.5-12.2-38.5-29.1
HIPC initiative expenditures0.00.00.00.00.916.830.9
Source: Malian authorities.
Table 20.Mali: Government Revenue. 1996-2002(In billions of CFA francs)
1996199719981999200020012002
Taxes on net income and profits34.537.842.834.728.540.445.1
Enterprises19.720.925.017.411.519.413.8
Public0.12.90.60.40.30.10.2
Private19.618.024.417.011.219.213.6
Individuals12.614.516.615.615.219.128.4
Tax on transporters1.01.11.21.61.71.82.9
Rental income tax1.21.30.00.00.00.00.0
Payroll tax3.73.94.64.74.85.66.5
Property taxes6.44.93.24.86.90.30.4
Taxes on goods and services25.416.530.939.754.965.572.0
Value-added tax 1/22.823.024.330.335.143.242.9
Public enterprises19.820.420.027.93.65.82.9
Private enterprises3.02.64.42.531.537.440.0
Excise duties 2/0.71.81.61.47.85.46.7
Other1.91.84.98.012.017.022.3
Taxes on international trade94.5112.6127.8135.4124.4154.1180.3
Customs duties 2/6.67.810.723.829.334.242.8
Other import charges 2/29.035.437.37.24.72.22.8
Fiscal duties (OF)14.017.619.61.51.00.30.4
Other taxes on imports15.017.817.65.73.71.92.5
Value-added tax on imports 1/31.634.235.345.146.568.083.8
Petroleum import duties 2/24.629.233.448.333.528.330.2
Payment of deferred taxes1.21.70.81.10.61.60.6
Export duty 3/0.12.13.43.04.08.89.8
Other1.52.07.07.05.811.010.4
Other tax revenue8.410.612.016.013.815.719.3
Stamp duties5.35.35.86.87.59.59.9
Payment of tax arrears2.02.02.35.02.91.43.2
Other taxes1.03.44.04.33.44.76.2
Tax revenue172.8196.3221.3235.3233.3281.6323.5
Nontex revenue12.211.610.412.612.211.031.2
Budgetary revenue185.0207.9231.7247.8245.5292.6354.7
Special funds and annexed budgets20.721.823.224.824.427.533.7
Total revenue205.7229.7254.9272.6269.9320.1388.4
Source: Malian authorities.
Table 21.Mali: Government Revenue Performance, 1996-2002
1996199719981999200020012002
(In billions of CFA francs)
Taxes on net income and profits34.537.842.834.728.540.445.1
Taxes on goods and services25.426.530.939.754.965.572.0
Payroll tax Property taxes Taxes3.73.94.64.74.85.66.5
Property taxes6.44.93.24.86.90.30.4
Taxes on international trade94.5112.6127.8135.4124.4154.1180.3
Other Tax revenue8.410.612.016.013.815.719.3
Tax revenue172.8196.3221.3235.3233.3281.6323.5
Non tax revenue12.211.610.412.612.211.031.2
Budgetary revenue185.0207.9231.7247.8245.5292.6354.8
Special funds end annexed budgets20.721.823.224.824.427.533.7
Total revenue205.7229.7254.9272.6269.9320.1388.5
(Annual percentage change)
Taxes on net income and profits29.39.713.3-19.0-17.941.711.7
Taxes on goods and services49.24.616.428.438.419.59.8
Taxes on international trade Other29.519.113.55.9-8.123.917.0
Other tax revenue-6.5-26.713.333.013.613.323.2
Tax revenue31.413.612.76.3-0.820.714.9
Nontax revenue35.6-4.9-10.621.1-2.9-10.1184.9
Budgetary revenue31.712.411.46.9-0.919.221.3
Special funds and annexed budgets42.85.26.56.9-1.612.822.4
Total revenue32.711.711.06.9-1.018.621.4
(In percent of budgetary revenue)
Taxes on net income and profits18.618.218.514.011.613.812.7
Taxes on goods and services13.712.813.316.022.322.420.3
Taxes on international trade Other51.154.155.254.650.752.750.8
tax revenue4.55.15.26.55.65.45.4
Tax revenue93.494.495.594.995.096.391.2
Nontax revenue6.65.64.55.15.03.78.8
(In percent of total government revenue)
Budgetary revenue Special funds and89.990.590.990.991.091.491.3
Special funds annexed budgets10.19.59.19.19.08.68.7
(In percent of GDP)
Taxes on net income and profits2.42.42.41.91.51.81.9
Taxes on international trade6.57.07.27.56.57.07.7
Other tax revenue0.60.70.70.90.70.77.7
Taxes revenue11.812.212.513.112.312.713.8
Nontax revenue0.80.70.60.70.60.51.3
Budgetary revenue12.712.913.113.812.913.215.1
Special funds and annexed budgets1.41.41.31.41.31.21.4
Total revenue14.114.314.415.214.214.516.6
Source: Malian authorities.
Table 22.Mali: Government Expenditure, 1996-2002 1/
1996199719981999200020012002
(In billions of CFA francs)
Expenditure and net lending319.3349.7385.5419.5417.2492.8591.5
Budgetary expenditure309.2333.1365.9396.9391.4459.1531.8
Current expenditure142.3172.2169.8195.2200.2279.8308.7
Personnel50.656.860.765.373.185.893.5
Supplies59.086.861.579.875.291.8109.0
Scholarships4.34.35.36.26.24.75.6
Interest 2/14.513.811.714.016.014.618.4
Other current expenditure13.910.530.630.029.782.982.2
Development expenditure 3/166.8160.9196.1201.7194.2179.3223.1
Capital expenditure161.6156.4194.1199.8193.3178.2220.5
Externally financed137.3124.5149.4147.4133.3116.3140.3
Equipment and investment24.331.944.752.360.061.980.2
Other5.24.52.02.00.91.12.6
Special funds and annexed budgets20.721.823.224.824.427.533.7
Net lending-10.6-5.2-3.6-2.2-2.5-10.6-4.9
HIPC initiative expenditure0.916.830.9
(Annual percentage change)
Expenditure end net lending9.29.510.28.8-0.518.120.0
Budgetary expenditure4.17.79.88.5-0.616.415.8
Current expenditure1.821.0-1.415.02.639.710.3
Personnel5.512.26.97.611.917.49.0
Supplies6.847.1-29.129.6-5.722.018.8
Scholarships10.30.023.316.20.6-23.718.4
Other expenditure-7.6-24.5191.1-2.0-0.8179.1-0.8
Development expenditure 3/6.2-3.621.92.9-3.7-7.724.4
Capital expenditure6.2-3.224.12.9-3.2-7.823.8
Externally financed2.9-9.320.0-1.3-9.6-12.820.6
Equipment end investment30.431.340.117.114.73.229.6
Other 3/-l3.5-56.4-0.5-53.822.2136.4
Special funds end annexed budgets42.85.26.56.9-1.612.822.4
Net lending-44.2-50.9-30.8-38.913.6324.0-53.8
HIPC initiative expenditure1,766.783.9
In percent of total budgetary expenditure)
Budgetary expenditure100.0100.0100.0100.0100.0100.0100.0
Current expenditure46.051.746.449.210.860.958.0
Personnel16.417.116.616.518.518.717.6
Supplies19.126.116.820.119.120.020.5
Scholarships1.41.31.41.61.61.01.1
Other expenditure4.53.18.47.57.518.115.5
Capital expenditure, PESAP, VDP, and NP 3/54.048.353.650.849.239.142.0
Capital expenditure52.347.053.150.349.038.841.5
Externally financed44.437.440.837.133.825.326.4
Equipment and investment7.99.612.213.215.213.515.1
Other 3/1.71.40.50.50.10.20.5
Special funds and annexed budgets6.56.26.05.95.85.65.7
Net lending-3.3-1.5-0.9-0.5-0.6-2.2-0.8
HIPC initiative expenditure0.23.45.2
(In percent of GDP)
Expenditure and net lending21.821.821.723.322.022.325.2
Budgetary expenditure21.120.720.622.120.820.822.7
Current expenditure:9.710.79.610.910.512.713.2
Personnel3.53.53.43.63.83.94.0
Supplies4.05.43.54.44.04.24.7
Scholarships0.30.30.30.30.30.20.2
Other expenditure1.00.71.71.71.63.73.5
Capital expenditure, PESAP, VDP, and NP 3/11.410.011.111.210.28.19.5
Capital expenditure11.19.710.911.110.28.19.4
Externally financed9.47.88.48.27.05.36.0
Equipment and investment1.72.02.52.93.22.83.4
PESAP, VDP, and NP0.40.30.10.10.00.00.1
Special funds and annexed budgets1.41.41.31.41.31.21.4
Net lending-0.7-0.3-0.2-0.1-0.1-0.5-0.2
HIPC initiative expenditure0.050.761.32
Sources: Malian authorities; and Fund staff estimates.
Table 23.Mali: Functional Classification of Budgetary Expenditures, 1996-2002(In billions of CFA francs)
1996199719981999200020012002
Total expenditure298.7324.1361.9393.0423.4592.9684.1
Current expenditure137.1167.7167.8193.2199.2346.0426.6
General public services24.025.429.839.845.731.334.9
Defense25.328.329.332.737.643.844.5
Education29.532.435.340.546.454.765.6
Health9.411.113.312.218.320.323.1
Social services4.14.55.26.27.18.114.7
Economic services19.321.920.722.826.254.559.5
Other25.544.034.239.217.9133.5184.4
Of which: interest on public debt14.513.811.714.016.019.219.3
Capital expenditure161.6156.4194.1199.8224.2246.9257.5
General public services15.310.58.59.811.327.738.7
Defense1.83.02.93.33.80.00.0
Education9.310.410.318.518.512.214.5
Health13.610.66.96.17.019.219.6
Social services8.87.38.111.613.39.69.2
Economic services106.6105.1145.4134.7154.9175.6172.5
Other6.29.612.015.815.42.53.1
Source: Ministry of Economy and Finance; Budget Department.
Table 24.Mali: Consolidated Operations of the Special Funds and the Annexed Budgets, 1996-2002(In billions of CFA francs)
1996199719981999200020012002
Revenue20.921.823.224.824.327.533.8
Social Security Fund (INPS)19.120.121.522.922.524.830.3
Other revenue 1/1.81.71.71.91.82.73.5
Expenditure and net lending20.921.823.224.824.327.533.8
Social Security Fund (INPS)19.120.121.522.922.524.830.3
Other expenditure 1/1.81.71.71.91.82.73.5
Surplus/deficit0.00.00.00.00.00.00.0
Source: Malian authorities.
Table 25.Mali: Government Wage Bill and Employees, 1996-2002
1996199719981999200020012002
Wage bill
(in billions of CFA francs)50.656.860.765.373.182.089.5
Annual change in wage bill
(in percent)5.512.26.97.611.912.29.1
Wage bill
(in percent of current budgetary expenditure)35.633.035.733.536.529.329.0
Wage bill
(in percent of total budgetary expenditure)16.717.316.716.518.617.916.9
Wage bill
(in percent of GDP)3.53.53.43.63.83.73.8
Total number of government employees36,13837,34038,75040,45743,98044,72246,134
Civil servants31,96133,23533,53434,22635,45835,53136,486
Contractual employees4,1774,1055,2166,2318,5229,1919,648
Annual change in total government employees
(in percent)11.13.33.84.48.71.73.2
Source: Malian authorities.
Table 26.Mali: Deposit Money Banks, December 2002
ShareholdersPercent of Total HoldingsYear EstablishedCapital (In millions of CFA francs)Number of Branches
Banque de Développement du MaliGovernment20.019683,00014
(BDM-SA) 1/Private national shareholders23.3
Foreign shareholders56.7
Banque Nationale de DéveloppementGovernment40.619819,96822
Agricole (BNDA)BCEAO18.2
Agence Française de Développement (France)21.2
Deutsche Entwieklungs Gesellschaft (Germany)20.0
Banque Internationale du Mali (BIM-SA) 2/Government61.519804,2557
Private national shareholders38.5
Bank of Africa-Mali (BOA)Private national shareholders56.819822,0005
Private foreign shareholders43.2
Banque Commerciale du Sahel (BCS; ex-BALIMA)Govemment91.31,1001
Foreign Arab banks7.1
Private national shareholders1.6
Banque de l’Habitat du Mali (BHM) 3/Government14.819914,0001
INPS 4/31.1
ACI 5/25.9
BIM-SA7.4
Private national shareholders14.8
Banque Internationale pour le Commerce etPrivate national shareholders15.019982,0001
I’Industrie du Mali (BICIM)Banque Nationale de Paris20.0
SFOM (Switzerland) 6/50.0
BMCI (Mauritania) 7/15.0
EcobankEcobank Transnational Inc.53.619982,3252
Ecobank-Togo16.1
Ecobank-Benin19.4
Ecobank-Burkina Faso10.8
Private foreign shareholders0.2
Banque Malienne de Solidarité(BMS-SA)Paris Mutuel Urbain 8/20.020022,3951
Kafo Jiginew 8/15.2
Nyesigiso 8/15.2
Kondo Jigima 8/8.7
CANEF 8/6.5
Other microfinance institutions30.2
GIE 9/4.3
Source: Central Bank of West African States (BCEAO).
Table 27.Mali: Monetary Survey, 1996-2003(In billions of CFA francs; end of period)
19961997199819992000200120022003

June
Foreign assets (net)190.4183.4150.1113.3167.7198.1284.9383.1
BCEAO131.9129.8107.394.5125.0115.4239.3315.8
Deposit money banks58.653.542.818.842.782.745.667.2
Net domestic assets127.5161.9210.1251.7240.8289.5341.4292.1
Credit to the government (net)-23.7-23.9-26.0-22.1-37.5-18.7-27.5-32.1
Central bank26.729.242.271.375.4109.1107.487.8
Commercial banks-48.4-48.6-64.2-88.3-112.0-126.5-134.9-119.1
Other-2.0-4.5-4.0-5.1-0.9-1.30.0-0.8
Credit to the economy173.2200.4255.0291.6284.5338.5411.5391.6
Other items (net)-22.0-14.5-18.8-17.8-6.3-30.2-42.6-67.4
Money supply (M2)317.3345.0360.2365.0409.1487.6626.3675.1
Currency in circulation120.4129.5135.3123.7148.1179.0247.4285.9
Bank deposits196.9215.5224.9241.3261.0308.5378.9389.2
Source: Central Bank of West African States (BCEAO).
Table 28.Mali: Summary Accounts of the Central Bank, 1996-2003(In billions of CFA francs; end of period)
19961997199819992000200120022003

June
Foreign assets (net)131.9129.8107.394.5125.0115.4239.3315.8
Assets226.0248.3228.6227.8269.9259.5370.2430.1
Liabilities94.1118.5121.3133.2144.9144.1130.9114.3
Net domestic assets-11.4-0.428.129.123.263.68.1-29.9
Claims on the government (net)26.729.242.271.375.4109.1107.487.8
Claims90.399.8105.9112.9108.9135.9125.3121.6
Of which: consolidated claims 1/3.10.04.23.73.02.61.91.6
Liabilities 2/-63.6-70.6-63.7-41.6-33.5-26.9-17.8-33.8
Claims on deposit money banks (net)-30.0-32.9-17.9-49.4-71.5-65.8-111.6-116.8
Claims0.00.00.00.00.00.00.00.0
Advances to money market0.00.00.00.00.00.00.00.0
Rediscounts and other advances0.00.00.00.00.00.00.00.0
Liabilities-30.0-32.9-17.9-49.4-71.5-65.8-111.6-116.8
Other deposits-19.4-21.6-10.4-38.1-56.1-45.3-91.9-89.1
Currency held by banks-10.6-11.3-7.5-11.3-15.3-20.5-19.7-27.7
Other deposits-0.6-0.4-0.4-0.4-0.6-0.3-0.4-0.3
Other items (net)-7.53.74.27.619.820.712.6-0.5
Currency outside banks120.4129.5135.3123.7148.1179.0247.4285.9
Source: Central Bank of West African States (BCEAO).
Table 29.Mali: Summary Accounts of the Deposit Money Banks, 1996-2003(In billions of CFA francs; end of period)
19961997199819992000200120022003

June
Foreign assets (net)58.653.542.818.842.782.745.667.2
Assets71.670.470.476.298.8145.2117.6124.5
Liabilities-13.0-16.9-27.6-57.4-56.1-62.5-72.0-57.3
Net domestic assets138.3161.9182.1222.6217.6225.5333.3322.0
Claims on the government (net)-48.4-48.6-64.2-88.3-112.0-126.5-134.9-119.1
Claims23.119.613.814.017.832.723.626.5
Deposits-71.5-68.2-78.0-102.3-129.8-159.2-158.5-145.6
Credit to the private sector171.2195.9251.0286.5283.6337.2411.5390.8
Crop credit2.91.012.215.718.610.00.232.5
Other168.3194.9238.8270.8265.1327.1411.3358.3
Reserves29.532.116.547.770.759.2101.9106.3
Money market position (net)0.00.00.00.00.00.00.00.0
Deposits0.00.00.00.00.00.00.00.0
Advances0.00.00.00.00.00.00.00.0
Other reserves29.532.116.547.770.759.2101.9106.3
Currency holdings10.5811.37.511.315.320.519.727.7
Deposits at central bank18.9020.89.036.455.438.782.378.6
Other items (net)-13.9-17.5-21.2-23.3-24.7-44.3-45.3-55.9
Deposits196.9215.5224.9241.3260.3308.2378.9389.2
Public enterprises13.416.213.829.117.427.326.918.8
Households and private enterprises183.5199.3211.1212.2242.9280.9352.0370.4
Source: Central Bank of West African States (BCEAO).
Table 30.Mali: Claims on the Government, 1996-2003(In billions of CFA francs; end of period)
19961997199819992000200120022003

June
Central bank, net claims26.729.242.271.375.4109.1107.487.8
Claims90.399.8105.9112.9108.9135.9125.3121.6
Treasury overdraft0.00.00.00.00.00.00.00.0
Statutory advances0.00.00.00.00.023.223.222.7
Trust Fund on-lent0.00.00.00.00.00.00.00.0
IMF credit on-lent87.399.8101.8109.2105.9110.1100.197.3
Consolidated claims3.10.04.23.73.02.61.91.6
Liabilities63.670.663.741.633.526.917.833.8
Treasury currency holdings6.67.68.47.55.87.22.95.1
Government deposits57.063.055.334.027.719.714.928.7
Deposit money banks, net claims-48.4-48.6-64.2-88.3-112.0-126.5-134.9-119.1
Claims23.119.613.814.017.832.723.626.5
Liabilities71.568.278.0102.3129.8159.2158.5145.6
Counterparts-2.0-4.5-4.0-5.1-0.9-1.30.0-0.8
Customs duty bills held by the treasury2.04.54.05.10.91.30.00.8
Net claims on the government-23.7-23.9-26.0-22.1-37.4-18.7-27.5-32.1
Of which: banking system-21.7-19.4-22.0-17.0-36.6-17.5-27.5-31.3
Source: Central Bank of West African States (BCEAO).
Table 31.Mali: Foreign Assets and Liabilities of the Banking System, 1996-2003(In billions of CFA francs; end of period)
19961997199819992000200120022003

June
Banking system (net)190.5183.4150.1113.3167.7198.1284.9383.1
Foreign assets297.5318.8299.0303.9368.7404.7487.8554.6
Foreign liabilities107.1135.4148.9190.6201.0206.6202.9171.6
Central bank (net)131.9129.8107.394.5125.0115.4239.3315.8
Foreign assets226.0248.3228.6227.8269.9259.5370.2430.1
Foreign exchange219.2241.3221.4220.1261.5251.0362.0422.7
Special Drawing Rights0.20.00.00.30.10.30.00.2
Reserve position in the Fund6.67.07.17.38.48.38.27.2
Foreign liabilities94.1118.5121.3133.2144.9144.1130.9114.3
Use of Fund resources85.8103.5107.4117.9128.3127.2112.495.8
SDR allocations11.912.712.913.315.214.914.713.0
Other liabilities-3.62.31.02.01.52.03.85.5
Deposit money banks (net)58.653.642.818.842.782.745.667.2
Foreign assets71.670.470,38976.298.8145.2117.6124.5
Foreign liabilities13.016.927.657.456.162.572.057.3
Short term6.85.919.550.345.252.459.744.9
Medium and long term6.110.98.17.110.910.112.312.4
Source: Central Bank of West African States (BCEAO).
Table 32.Mali: Interest Rate Indicators, 1996-2003(In percent per year)
19961997199819992000200120022003

Oct.
Interest rates
Deposits 1/5.004.50
Rediscount rate6.506.006.255.756.506.506.505.00
Money market5.004.504.954.954.954.954.954.95
Savings deposits3.503.503.503.503.503.503.503.50
Sources: Malian authorities; IMF, International Financial Statistics; and Fund staff estimates.
Table 33.Mali: Central Bank Discount Rate 1/
Date of adjustmentDiscount Rate

(In percent per year)
November 27, 198911.00
August 20, 199213.00
October 18, 199312.50
December 20, 199310.50
January 18, 199414.50
June 27, 199412.00
August 1, 199411.00
August 29, 199410.00
September 5, 199410.50
January 23, 19959.00
June 5, 19958.50
December 26, 19957.50
August 5, 19967.25
August 19, 19967.00
October 21, 19966.50
February 17, 19976.25
September 8, 19976.00
August 31, 19986.25
January 4, 19995.75
June 19, 20006.50
July 7, 20035.50
October 20, 20035.00
Source: Central Bank of West African States (BCEAO).
Table 34.Mali: Interest Rates Applied in the Money Market, March 1996-September 2003 1/(In percent per year)
DateInterest Rate
1996
March5.50
June5.37
September5.25
December5.05
1997
March5.00
June5.02
September5.02
December4.96
1998
March4.53
June4.95
September4.95
December4.95
1999
March4.95
June4.95
September4.95
December4.95
2000
March4.95
June4.95
September4.95
December4.95
2001
March4.95
June4.95
September4.95
December4.95
2002
March4.95
June4.95
September4.95
December4.95
2003
March4.95
June4.95
September4.95
Source: Central Bank of West African States (BCEAO).
Table 35.Mali: Maximum Lending Rates Applied by Commercial Banks, August 1996-June 2003(In percent per year)
Aug. 5Aug. 19Oct. 21Feb. 17Sep. 8Sep. 5June. 30
19961996199619971997199819992000200120022003
Short-and medium-term credit
Crop financing and export credit14.514.013.012.512.018.018.018.018.018.018.0
Financing of storage of agricultural products14.514.013.012.512.018.018.018.018.018.018.0
Credit to small and medium-sized national enterprises14.514.013.012.512.018.018.018.018.018.018.0
Credit to nationals for construction of first primary residence 1/14.514.013.012.512.018.018.018.018.018.018.0
Other credits14.514.013.012.512.018.018.018.018.018.018.0
Long-term credit 2/
Credit to small and medium-sized national enterprises14.514.013.012.512.018.018.018.018.018.018.0
Credit to nationals for construction of first primary residence 1/14.514.013.012.512.018.018.018.018.018.018.0
Other credits14.514.013.012.512.018.018.018.018.018.018.0
Source: Central Bank of West African States (BCEAO).
Table 36.Mali: Indicators of Activity of Microfinance Institutions, 1996-March 2003
19961997199819992000200120022003

March
Membership159,659229,693300,709346,093405,751450,642507,404519,788
Deposits (in millions of CFA francs)5,0006,4887,99511,48313,94716,35919,84821,211
Loans (in millions of CFA francs)5,8009,48611,77115,77516,04520,48023,92421,060
Nonperforming loans (in millions of CFA francs)669.3717.81013.4717.21,0511,177
Available lines of credit (in millions of CFA francs)8,4587,429
Local banks4,3133,314
Foreign donors4,1454,115
Memorandum items:(Annual percentage changes, unless otherwise indicated)
Nonperforming loans (in percent of total credit)5.74.66.33.54.45.6
Mutualistes 1/4.45.8
CVECA 2/4.95.2
Crédit solidaire3/3.54.0
Membership74.443.930.915.117.211.112.62.4
Deposits178.829.823.243.621.517.321.36.9
Loans161.763.624.134.01.727.616.8-12.0
Source: Ministry of Economy and Finance: Cellule d’Appui et de Suivi des Systèmes Financiers Décentralisés (CAS/SFD).
Table 37.Mali: Balance of Payments, 1996-2002 1/
1996199719981999200020012002

Est.
(In billions of CFA francs)
Exports, f.o.b.221.4327.7334.8355.4388.1531.2631.4
Cotton fiber132.6158.7147.8150.1109.181.2138.2
Gold39.8117.2136.8146.3189.4353.8411.6
Other49.151.950.259.089.696.181.5
Imports, f.o.b.-282.1-318.6-329.3-372.8-421.5-538.4-498.3
Trade balance60.79.15.5-17.4-33.5-7.2133.1
Services (net)-149.1-156.9-159.2-161.3-167.9-198.1-167.2
Credit47.047.449.367.870.5110.8123.6
Debit-196.1-204.3-208.4-229.1-238.4-308.9-290.8
Of which: freight and insurance-111.0-112.7-116.5-131.9-152.0-177.3-14.8
Income (net)-22.0-30.2-30.0-43.2-69.9-121.7-160.9
Of which: interest due on public debt-13.9-13.2-11.2-12.6-15.6-14.3-16.8
Private transfers (net)46.142.640.045.844.351.158.5
Official transfers (net)52.311.127.624.145.748.436.8
Of which: budgetary grants26.720.819.614.632.227.516.6
Current account balance
Excluding official transfers-185.7-135.1-143.6-176.1-226.9-275.9-136.5
Including official transfers-133.4-104.2-116.0-152.0-181.2-227.5-99.7
Capital and financial account187.1105.4108.3137.1182.6131.1183.2
Capital account (net)70.665.073.269.861.162.175.2
Of which: projects grants69.861.470.168.857.856.169.2
Financial account116.540.435.167.1121.569.0108.0
Private (net) 2/34.3-8.6-22.97.072.327.147.0
Direct Investment (net)22.240.75.30.855.876.688.0
Portfolio investment private (net)0.3-4.43.98.54.17.68.2
Other private capital flows16.0-50.0-23.0-25.014.9-44.1-49.2
Official (net)82.249.058.060.349.242.061.0
Disbursements102.172.783.991.782.478.4102.6
Budgetary34.611.64.813.16.918.231.5
Project related67.561.179.178.675.560.271.1
Amonizetion due on public debt-60.9-39.0-25.9-31.4-33.2-36.4-41.6
Errors and omissions9.5-3.2-14.94.726.463.612.9
Overall balance63.2-2.0-22.6-10.127.8-32.996.4
Financing-63.22.022.610.1-27.832.9-96.4
Foreign assets (net)-63.22.022.610.1-30.49.8-123.9
Of which; IMF (net)10.09.91.87.4-3.34.1-10.0
Drawings14.014.08.214.06.617.06.0
Repurchases-4.0-4.1-6.4-6.6-9.9-12.9-16.0
HIPC Initiative assistance 3/0.00.00.00.02.623.127.5
Financing gap0.00.00.00.00.00.00.0
Memorandum items:(Annual percentage change)
Export volume index0.047.11.017.3-1.124.829.2
Import volume index-7.68.35.68.01.729.88.5
Export unit value-1.10.61.1-9.510.49.7-8.0
Import price-0.21.3-2.14.911.27.2-10.7
Terms of trade-0.9-0.73.3-13.7-0.72.33.0
(In percent of GDP unless otherwise indicated)
External current account balance
Excluding official transfers-12.7-8.4-8.1-9.8-11.9-12.5-5.8
Including official transfers-9.1-6.5-6.5-8.5-9.5-10.3-4.3
External public debt104.2107.5100.398.799.289.590.0
Debt-service ratio 4/
Before debt relief29.415.011.312.012.89.99.9
After debt relief (including HIPC Initiative)14.110.911.312.012.26.36.2
Sources: Malian authorities.
Table 38.Mali: Composition of Exports, f.o.b. 1996-2002(Values in billions of CFA francs, volume in metric tons, and unit values in CFA francs per kilogram)
1996199719981999200020012002
Cotton
Value134.9161.2150.5153.0112.183.2141.3
Cotton fiber
Value132.6158.7147.8150.1109.181.2138.2
Volume161,053203,159178,032221,761178,230114,097211,783
Unit value823.3781.0830.0677.0612.0712.0652.7
Cotton cakes
Value0.50.50.60.60.60.40.7
Volume11,168.311,615.013,000.013,520.010,866.17,816.012,709.0
Unit value44.244.045.445.152.053.053.0
Cotton threads and materials
Value1.11.21.31.31.60.91.5
Volume1,398.01,458.01,516.31,577.01,640.0912.01,482.0
Unit value811.0831.0858.1850.8980.6995.81,006.9
Cottonseed oil
Value0.70.80.90.90.90.60.9
Volume3,149.83,276.03,500.03,640.03,223.02,104.03,422.0
Unit value229.0242.0249.9247.8267.0290.0274.0
Livestock
Value30.031.328.133.044.344.927.3
Volume28,599.029,464.024,490.027,651.033,181.032,444.019,467.0
Unit value1,049.01,062.01,147.01,192.01,334.91,385.01,404.0
Hides and leathers
Value2.63.13.23.46.88.87.9
Volume2,861.02,976.03,124.83,281.049.73.05.0
Unit value925.01,032.01,032.01,036.01,381.01,735.01,479.0
Fish
Value0.90.91.01.01.61.51.6
Volume870.0896.1876.0902.31,356.01,383.01,411.0
Unit value998.01,050.41,084.71,075.01,157.01,096.01,111.0
Shelled groundnuts
Value0.30.20.20.21.21.51.7
Volume2,350.01,816.01,852.01,890.07,548.09,812.09,836.0
Unit value113.0116.0119.0119.0164.0155.0168.0
Other oilseeds
Value0.30.30.30.30.30.30.3
Volume2,142.01,850.01,869.01,887.01,906.01,983.02,022.7
Unit value140.0148.0153.0152.0152.9154.9157.0
Gold
Value39.8117.2133.1142.4189.4353.8411.6
Volume6.618.522.825.328.353.766.1
Unit value6,037,7826,340,3605,831,5355,620,0276,698,3436,594,1466,230,261
Other
Value12.613.614.718.332.437.139.7
Total221.4327.7331.1351.6388.1531.2631.4
Memorandum item:
Three principal exports as a percentage of total exports92.594.594.193.489.190.791.9
Sources: Central Bank of West African Slates (BCEAO).
Table 39.Mali: Composition of Imports. c.i.f., 1996-2002(Values in billions of CFA francs. volumes in metric tons, unit values in CFA francs per kilogram, unless otherwise indicated.)
1996199719981999200020012002
Food stuff.
Value58.064.772.868.956.387.983.8
Cereals
Value12.812.217.815.79.915.727.1
Volume58,528.059,500.084,600.078,995.048,250.073,886.0114,545.0
Unit value218.7205.5210.0198.9204.9212.0237.0
Sugar
Value17.217.617.116.913.423.619.9
Volume63,054.562,857.170,715.075,989.056,357.292,791.074,492.0
Unit value272.8280.0241.2221.8237.6254.0267.0
Milk
Value9.912.212.715.511.716.57.6
Volume:8,497.99,363.09,456.611,465.08,598.811,047.05,200.0
Unit value1,165.01,303.01,345.51,348.01,356.21,490.01,469.0
Tea and coffee
Value5.08.211.58.39.09.45.9
Volume3,594.54,900.06,850.04,999.05,099.05,376.04,099.0
Unit value1,391.01,670.01,675.01,652.01,765.71,749.01,449.0
Other beverages
Value0.80.90.91.21.21.21.3
Volume2,701.02,782.02,837.63,681.03,754.63,755.03,942.0
Unit value:292.0306.0316.0317.0318.9323.0337.0
Cola nuts
Value1.61.81.92.12.12.12.4
Volume8,551.18,723.08,941.19,925.010,123.510,123.510,579.0
Unit value190.0202.0208.6206.8208.1211.0224.0
Other
Value10.711.911.09.49.119.519.5
Volume31,706.632,568.032,894.028,468.027,329.357,052.055,744.0
Unit value338.0364.0335.8329.6331.6341.0350.0
Machines and vehicles
Value115.4125.2128.3154.1178.4222.0158.3
Volume32,190.034,390.034,734.040,951.045,046.153,132.037,312.0
Unit value3,585.81,640.03,694.63,761.93,959.84,177.44,242.0
Petroleum products
Value52.261.152.071.0120.4138.3113.1
Volume332,843.0400,164.0439,243.0471,925.0516,056.7562,141.0511,986.0
Unit value156.8152.6118.4150.5233.3246.0221.0
Construction materials
Value39.847.150.751.953.595.079.7
Volume41,000.043,472.044,950.045,714.045,999.979,029.065,109.0
Unit value970.01,083.01,129.01,136.01,162.812021224
Chemical products
Value36.839.243.350.483.791.0129.2
Volume81,281.084,126.087,650.095,977.0l34,508.5144,649.0212,489.0
Unit value453.0466.0494.0525.0622.6629.0608.0
Textiles and leather
Value23.323.726.622.416.521.919.3
Volume23,410.623,700.024,174.022,422.015,695.420,542.517,702.0
Unit value995.0998.01,101.81,000.81,053.71,067.31,092.0
Other
Value69.672.674.288.564.659.663.7
Total395.1433.5448.0507.2573.5715.6647.2
Sources: Central Bank of West African States (BCEAO).
Table 40.Mali: Direction of Trade, 1996-2002(In millions or U.S. dollars)
1996199719981999200020012002
ValuePercentValuePercentValuePercentValuePercentValuePercentValuePercentValuePercent
Exports291.8100.0284.5100.0294.6100.0251.5100.0235.5100.0153.5100.0163.1100.0
Industrial countries105.136.0103.036.2121.241.1101.940.99.642.149.031.965.640.2
Of which
Belgium6.42.26.62.39.13.67.73.32.61.75.13.1
France4.91.77.07.54.61.64.71.94.31.84.73.06.54.0
Germany2.91.03.81.34.71.64.31.713.25.66.34.18.65.3
Spain7.82.77.22.57.62.64.31.73.91.75.43.58.45.2
United Kingdom1.00.30.90.30.70.24.11.69.23.91.91.34.83.0
Developing countries183.262.8171.662.41699.057.4144.957.6130.555.498.664.291.135.9
Of which
Africa27.69.521.77.632.411.016.46.523.49.915.810.321.113.0
Of which: Cô d’lvolre4.21.52.81.01.90.60.90.43.11.32.11.42.31.4
Asia147.350.5136.147.8106.436.1112.844.975.432.067.544.060.437.1
Of which
China.P.R.: Mllinland12.44.225.08.84.41.51.20.50.40.20.90.61.61.0
China, P.R.:IIong Kong0.00.00.20.10.70.20.50.20.10.10.20.10.10.1
China, P.R,;Macao)0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Korea0.00.00.20.10.70.20.50.20.10.10.20.10.10.1
India3.51.20.20.10.10.06.02.411.04.712.27.911.28.1
Indenesia4.11.44.61.67.62.69.33.71.10.54.73.13.82.3
Thailand64.622.147.516.745.115.330.912.337.615.928.818.823.914.6
Other8.31.919.87.010.210.215.76.231.713.515.410.09.55.8
Of which: Brazll7.42.514.55.127.39.39.93.923.19.88.75.71.00.6
Imports1,111.8100.01,130.6100.01,221.9100.01,254.3100.01,268.4100.01,364.4100.01,426.7100.0
Industrial countries429.938.7431.538.2455.437.3443.335.3189.530.71159.233.1420.629.5
Of which
Belgium47.64.252.04.333.32.733.62.634.72.532.42.3
France218.819.7199.417.6220.818.1222.211.7167.013.2198.414.5192.113.5
Germany26.82.471.71.928.12.334.82.850.64.064.84.856.33.9
Spain15.51.417.51.522.11.822.81.815.21.228.12.120.71.5
United Kingdom41.73.843.33.829.32.428.42.329.82.427.02.032.22.3
Developing countries629.056.6641.056.7700.257.3740.959.1798.362.9816.659.9909.963.8
Of which
Africa527.447.4562.149.7593.548.6616.349.1669.452.8698.351.2779.954.7
Of which: Cô d’lvolre202.518.119.6222.1133.619.1222.717.8227.617.9223.816.4242.917.0
Asia81.87.457.75.185.67.094.37.5101.08.086.76.483.95.9
Of which
China, P.R.: Mainland16.71.515.31.426.82.210.31.638.13.025.21.823.81.7
China, P.R.:Hong Kong23.02.122.22.027.42.234.32.727.32.117.91.316.71.2
Other19.81.821.21.921.11.730.32.428.02.231.52.346.13.2
Memorandum item:
Share of total trade
France223.715.9206.514.6204.111.5225.615.0226.415.1171.7l1.3204.912.9
Côte d’voire206.714.7225.0l5.9235.515.5223.614.8230.715.3225.914.9245.215.4
Germany29.72.125.51.832.82.239.12.663.84.271.14.764.94.1
Source: IMF, Direction of Trade Statistics database.
Table 41.Mali: Terms of Trade Indices, 1996-2002(Index, 2000=100)
1996199719981999200020012002

Est.
Export indices
Value57.184.486.391.6100.0136.9162.7
Volume58.085.386.2101.1100.0124.8161.3
Unit value 1/98.498.9100.190.6100.0109.7100.9
Import indices
Value95.5107.185.897.1100.0139.2135.0
Volume110.4122.2100.0108.0100.0129.8140.9
Unit value 1/86.587.685.889.9100.0107.295.8
Terms of trade113.7112.9116.6100.7100.0102.3105.3
Sources: Malian authorities; and Fund staff estimates.
Table 42.Mali: Foreign Aid, 1996-2002(In billions of CFA francs, unless otherwise indicated)
1996199719981999200020012002
Total foreign aid226.2169.0170.1194.7178.4143.8188.4
Grants124.196.386.2103.096.083.685.8
Loans102.172.783.991.782.460.2102.6
Project aid137.3124.5135.9147.4133.3116.3140.3
Grants69.863.456.868.857.856.169.2
Loans67.561.179.178.675.560.271.1
Budgetary aid 1/61.332.424.427.739.127.548.1
Grants26.720.819.614.632.227.516.6
Loans34.611.64.813.16.90.031.5
Aid in kind (grants)6.14.14.14.16.0
Technical assistance (Grants)21.58.05.715.5
Memorandum items:
Percent of total foreign aid
Grants54.957.050.752.953.858.145.5
Loans45.143.049.347.146.241.854.5
Source: Malian authorities.
Table 43.Mali: External Disbursed Public Debt Outstanding by Creditor, 1996-2002
1996199719981999200020012002
(In millions of U.S. dollars, end of period)
Multilateral loans1,459.71,278.01,384.11,413.71,331.51,345.91,577.6
Of which
African Development Bank (AfDB)357.5333.6372.4380.8358.6338.4388.1
Arab Bank for Economic Development in Africa (BADEA)16.412.311.110.28.612.015.6
European Economic Community (BEC)8.47.57.66.65.95.66.3
European Union/European Investment Bank (BU/EIB)60.250.750.039.633.830.330.9
International Fund for Agricultural Development (IFAD)40.543.848.449.546.844.549.7
IDA915.2938.81,008.71,035.1956.9980.71,133.7
Islamic Development Bank32.332.537.045.949.451.456.1
League of Arab States1.30.80.30.00.00.00.0
OPEC Special Fund21.118.915.714.912.116.417.8
West African Development Bank8.013.517.723.628.630.734.7
Economic Community of West African States (ECOWAS)2.31.91.81.81.20.90.9
Bilateral loans1,303.01,248.21,262.51,199.91,157.81,119.8743.8
Algeria18.215.913.711.59.36.64.0
Switzerland0.00.00.00.00.00.00.0
China, People’s Republic of139.7145.6149.8143.7150.2154.2167.3
Côte d’Ivoire7.56.62.30.20.10.00.0
France293.0255.3270.6231.3212.7200.0235.5
Iraq20.020.020.020.020.020.020.0
Italy1.31.11.21.00.90.91.0
Japan80.871.880.488.676.865.269.7
Kuwait35.033.132.334.534.833.032.5
Libya6.04.84.23.12.31.61.1
Netherlands2.52.12.32.01.81.72.1
Saudi Arabia78.674.071.666.862.057.464.4
United Arab Emirates23.621.418.916.413.911.49.1
United Kingdom6.76.76.76.76.76.66.7
Russia589.8589.8588.5574.1566.4558.7123.2
Subtotal2,762.72,526.22,646.62,613.52,489.32,465.82,321.4
Use of IMF resources164.8175.7186.5193.4175.5170.9165.5
Total2,927.52,701.92,833.12,807.02,664.82,636.72,487.0
Memorandum items:
(In percent of total debt stock, unless otherwise indicated)
Suppliers0.00.00.00.00.00.00.0
Financial institutions0.10.00.20.30.00.00.0
Multilateral loans, including
IMF Trust Fund55.553.855.457.356.657.570.1
Bilateral loans44.546.244.642.743.442.529.9
Of which
China, People’s Republic of4.85.45.35.15.65.86.7
France10.09.59.68.28.07.69.5
Russia20.121.820.820.521.321.25.0
IMF5.66.56.66.96.66.56.7
Exchange rate: CFA francs per U.S. dollar 1/523.7598.8562.2653.0705.0744.3625.5
Sources: IBRD, Debtor Reporting System; IMF, International Financial Statistics, and Malian authorities.
Table 44.Mali: Structure and Terms of New Loan Commitments, 1996-2002(In millions of U.S. dollars, unless otherwise specified)
1996199719981999200020012002
Category of lender
Bilateral loans7.70.022.942.14.031.810.0
Multilateral loans230.4123.490.9202.7230.0162.842.3
Suppliers’ credits0.00.00.00.00.00.00.0
Financial institutions0.00.00.06.49.09.09.0
Total238.1123.4113.8251.2243.0203.661.3
Average terms
Interest rate (percent)1.30.91.72.01.81.61.9
Maturity (years)35.943.824.524.228.829.436.9
Grace period (years)9.39.97.03.46.97.47.0
Grant element (percent)73.379.765.858.151.354.451.1
Sources: IBRD, Debtor Reporting System; Malian authorities; and Fund and World Bank staff estimates.
Table 45.Mali: Nominal and Real Effective Exchange Rate Indices, 1996:QI - 2003:Q3 1/(Index, 1990=100)
NominalReal
1996
First quarter55.5163.49
Second quarter55.0264.52
Third quarter55.1964.32
Fourth quarter54.8063.08
1997
First quarter53.6761.84
Second quarter53.0959.99
Third quarter52.1658.18
Fourth quarter53.3360.22
1998
First quarter53.2360.73
Second quarter53.6661.91
Third quarter54.2263.93
Fourth quarter54.6864.00
1999
First quarter53.7261.53
Second quarter52.6759.94
Third quarter52.3860.08
Fourth quarter51.8958.50
2000
First quarter51.0956.83
Second quarter50.3955.74
Third quarter50.0255.12
Fourth quarter49.6555.41
2001
First quarter50.9557.46
Second quarter50.2757.11
Third quarter50.5457.84
Fourth quarter50.6958.70
2002
First quarter50.5559.48
Second quarter51.0260.11
Third quarter51.8161.07
Fourth quarter52.0861.70
2003
First quarter53.0862.34
Second quarter53.8561.92
Source: IMF, Information Notice System (INS).
Table 46.Mali: List of Nonfinancial Enterprises with Government’s Ownership
NameDate of creationMain activityCapital (in millions of CFA francs)Share of the government (In Percent)
Usine Malienne de Produits Pharmaceutiques (UMPP)1989Pharmacy2,551100.0
Compagnie Malienne de Navigation(COMANAV)1968Transport1,567100.0
Régie des Chemins de fer du Mali (RCFM)1960Transport2,945100.0
Office des Produits Agricoles du Mali (OPAM)1965Management of national security stock18,165100.0
Pharmacie Populaire du Mali (PPM)1960Pharmacy400100.0
Office National des Postes (ONP)1989Post office2,208100.0
Société des Télécommunications du Mali (SOTELMA)1989Telecommunications8,792100.0
Office du Niger (ON)1994Agricultural development241100.0
Centre de Production Audiovisuelle du Mali (CESPA)1993Media122.1100.0
Huilerie Cotoniére du Mali (HUTCOMA)1919Production of oils and soap10,07696.0
Pari Mutuel Urbain du Mali (PMU-MALI)1994Horse betting30075.0
Société Nationale des Tabacs et Allumettes du Mali (SONATAM)1965Production of tobacco1,74565.0
Compagnie Malienne pour le Développement des Textiles (CMDT)1974Cotton32,50060.0
Agence de Cession Immobiliere - Societe Anonyme (ACI- SA)1992Real estate12.551.0
Sucrerie de Kala (SUKALA)1985Production of sugar and alcohol5,00040.0
Energie du Mali (EDM-SA)1960Electricity20,00040.0
YATELA-SA2000Mining20020.0
Industrie Textile du Mali (ITEMA)1969Textile1,50020.0
Societe des Mines de Syama (SOMISY - SA)1993Mining1320.0
SEMOS-SA1994Mining10,90018.0
Société Navale dn Mali (SONAM)1981Naval equipment26212.8
AIR MALI - SA1993Tansport2,0002.5
Source: Malian authorities.
APPENDIX I Mali: Summary of Tax System, as of August 31, 2003
Mali: Summary of Tax System, as of August 31, 2003
TaxNature of TaxExemptions and DeductionsRates
I. Tax on income and profits
1.1 Tax on Industrial, commercial, and professional profits (IS-BTC)Tax on net income of enterprises, whether set up as companies or not, of Some cooperatives, and of certain professions, and public 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 he carried forward and deducted from the results of the following three yearsExemptions: nonprofit consumer cooperatives without sales outlets, mutual agricultural credit funds. Profits subject to IRF and IRVM, tax payers subject to business license fees (patente), small transport enterprises, retirement funds, and initial investments in agriculture research, arc also exempt. Incomes from property and capital income of financial companies is subject to the company tax at rate of 35 percentage since 1999.



Special deductions: under certain conditions, investment expenditure of up to 50 percent of profits.
Limited liability companies (SA & SARL):



Partnerships and individual enterprises:
35 percent.







25 percent.
1.2 Minimum presumptive tax (IMF)Constitutes a minimum assessment for enterprises subject to corporate tax.0.75 percent on turnover or CFA francs 1,200,000 if turnover is over CFA francs 30,000,000.
1.3 Schedular tax on agricultural profits 1/Levied on agricultural profits and established on a lump-sum basis; option exists for taxation on actual profits.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 of CFAF 100,000 or more at the following rates:
  • 15 percent on rentals from durable or semi durable construction: and

  • 10 percent on rentals from nondurable construction.

Exemption of five years for new agricultural enterprises.15 percent.
1.5 Tax on road transporters (TTR)Final tax on road transporters (whose turnovers do not exceed CFAF 5,000,000 or who own fewer than four vehicles) in lieu of the following taxes:
  • business license fees;

  • tax on vehicles;

  • payroll tax for their employees;

  • general income lax with holding for their

  • employees;

  • value-added tax; and

  • tax on profits.

Variable rates from CFAF 88,000 to CFAF 414,000 based on vehicles’ capacity and age.
1.6 Tax on capital income(IRVM).Schedular tax on payments of dividends and interest Enterprise spaying such income must with hold the tax at source.Cooperatives, mutual agricultural credit funds, savings bank accounts, and agricultural cooperatives demand deposits.IncomeRates

(in percent)
Dividends for prizes (lots) paid 10 bearers of bonds for interest on savings accounts and bonds10



15



13
1.7 Tax on wages and salaries (ITS)Annual progressive tax with held at source on wages and salaries and on nonexempt pensions.Salaries of foreign diplomats are exempt on a reciprocal basis.



A deduction system is applied per household: bachelors; and Widows without dependents: 0 percent; and couples 10 percent.



Deductions for children up to the tenth, 2.5 percent,
Income brackets

(In CFA francs)
Rates

(in percent)
0 to 175,0000
175,000 to 600,000N.A.
600,001 to 1,200,00013
1,200,001 to 1,800,00020
1,800,001 to 2,400,00028
2,400,001 to 3,500,00034
Income tax.None.Over 3,500,00040
1.8 Tax on capital gain for selling of mining bonds.10
2. Contributions for social security
2.1 Family allowancesEmployer contribution.
2.2 Sickness and occupational accidentsEmployer contribution.8 percent
Sickness:2.0 percent
Accidents:4.0 percent.
2.3 Retirement
Contributions from employers and employees.
Employers:3.4 percent.
Employees:3.6 percent.
3. Payroll taxes
Levied on the wage bill of enterprises, including the real value of remuneration in kind.Exemption of three years for employers recruiting university7.0 percent.
3.1 Payroll tax due from employergraduates; graduates from fundamental, secondary, general and technical education; exemption of two years for employers recruiting employees laid off for economic reasons.
Levied on wages paid by enterprises including the0.5 percent
3.1.1 Vocational training taxreal value of payments in kind.
3.2 Housing taxLevied on the wage hill and earmarked for the Ministry of Housing.1 percent
4. Taxes On property
4.1 Registration feesApplies, among others, to transfers of real estate, Business capital, and rental and lease contracts.50 percent deduction if the building is to be destroyed, and Other conditions as specified in the Tax Code.Sale of buildings and transfer of rental
contract15 percent
Rental contract fees:3 percent
Sale or rental of furniture:10 percent
Transfer of business:20 percent
4.2 Livestock taxLevied according to the size of herds.Certain farm animals.Tax varies according to species from CFAF 50 to CFAF 800 per head.
5. Tax on goods and services
5.1 Value-added tax (VAT)Tax on imports. As well as sales of goods, construction work, and services. The base does not include the value-added tax itselfExports, agricultural equipment and inputs, and drugs.18 percent
5.2 Tax on financial activities (TAF)Levied on banking operations.Money market operations.
ProductNarmal Rates (in percent)
Assessed on imported products and localNormal rate: Alcoholic.beverages5 percent
5.3 Selective excisesmanufactures.Sparkling beverages10 percent.
Tobacco25 percent
Kolas25 percent
Perfumes and cosmetic products10 percent
Ammunition45 percent
Mining national products (gold)3 percent
5.4 Ad valorem tax on gold (applicable only to preexisting conventions to Law No. 99-032 of 08/19/1999)Levied on crude gold sales at production stage.Refining costs included in sale proceeds.3 percent
5.5 Business license fee (Palente)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.Central and other administrative entities, exports of livestock and tax payers whose annual turn over does not exceed CFAF 30 million.



Partial exemptions: recent university graduates during the first three years of activity on their own account on a declining basis (l00 percent, 50 percent, 25 percent). Idem for civil servants who leave their jobs under the voluntary departures program, as well as for worker laid off for economic reasons,
Proportional rate:



Flat rates:
10 percent



variable from CFAF 7,200 to CFAF 1,000,001
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 for two groups (Bamako and other areas).Flat rates vary from CFAF 9,000 To CFAF 150,000
5.7 Motor vehicles taxTax on vehicles in use with license Mali plates issued in Mali.Exemptions: vehicles belonging to the civilian 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 insurance for export credit, and life insurance contracts,20 percent for all other insurance contracts.
5.10 Domestic tax on petroleum productsLevied on imports and domestic production of Petroleum productsOil lubricants and petroleum derivative excluded from WAEMU definitionVaries per product.
6. Taxes on international trade
6.1 Customs dillies on importsLevied on the c.i.f value of all imports from all countries.Goods classified in the zero rate category under the CET 2/Ad valorem duties 01 the rates of zero; 5 percent 10 percent; and 20 percent depending on the categories.
6.2 Temporary import lax (Tel) 3/Levied on the c.i.f. value of imports of sugar, wheat flour, and rice.Variable rates depending on international prices for sugar, Wheat flour, and rice.
6.3 V AT on importsSee 5.1 above.See 5.1 above.See 5.1 above.
6.4 Regional solidarity tax (PCS)Levied on imports of products originating outside The WAEMU.Petroleum products.0.5 percent.
6.5 Selective excise taxes on imported goodExcises levied on the e.i.f. value of imports.Variable rates between 5 percent and 90 percent.
6.6 Declining protection tax (TI)P)Levied on imported products competing with local products, based On WAEMU regulations.Maximum rate: 20 percent. Minimum rate: 10 percent. This rate declinese very year. starting in July 1999.
6.7 Regional tax (PC)Levied on the c.i.f. value of goods imported from Nonmember countries of the WAEC.Petroleum products.0.5 percent.
6.8 Customs service feeLevied on the c.i.f value of imported goods from an countries for customs clearance services provided by the Customs Department.1 percent.
6.9 Special tax on petroleum importsLevied on petroleum products. Tax base is 8 standard value determined by the Customs Department.Six variable rate, by product: 5, 6, 10, 25, 93, and 128 percent.
7. Other taxes
7.1 Regional and local development tax (TORL)Levied on individuals.Children under 14 years and students.Variable rate, by region (from CFAF 875 In CFAF 3,000).
7.2 Stamp dutiesApplies 10 legal documents, correspondence with the government, drivers licenses, and documents related to intent to export gold and cotton, and certification for import of vehicles.Rates are fixed according In the nature of the Legal document.
7.3 Global tax (taxe synthétique)Levied on tax payers whose annual turnover does not exceed CFAF 30 million. It encompasses the tax on profits, the value-added tax, the tax on wages and salaries, and business license fee.Variable rates between CFAF 10,585 and CFAF 1,100,000.
7.4 Taxes on mining: balance of permit, renewal prospection, exploitation and other mining activitiesLicense fees
Source: Malian authorities.

Mr. Abdelali Tazi is Resident Representative and Mr. Allasane Diabaté is the Economic Assistant in Bamako.

Réglernent No 11/2002.CM/UEMOA.

For most products, the harvest is in the last quarter of the year. There fore, some marketing is done at that time.

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