Leading Edge Mali Investment Guide 2017 will offer a select, influential and affluent audience a thorough description of the trade and investment opportunities available in the country.
The political situation in Mali is continuing to stabilise following the signing of the Algiers Agreement in June 2015. Despite small occasional upsets associated with the security situation and the 2012- 2013 crisis, Mali continues to make progress with regard to its economic programme. Specifically, its GDP growth rate stabilised at 5.5% in 2016, with a 12% growth in the agricultural sector thanks to the expansion of arable land and favourable rains. Current indicators put GDP at a solid growth rate of 5.3%, and despite the decline in oil prices, the inflation rate is low, at just 1%. The rise in revenue has been so strong that Mali is set to achieve a larger deficit reduction than that which was envisaged in its economic programme.
Cheaper oil and higher gold export volumes have been more than offset by an increase in imports, associated with a rise in public investment and private consumption. Despite this significant growth in capital expenditure, the country’s efforts to boost tax revenue growth have reduced the overall deficit to 1.75% of GDP. The current external deficit is expected to reach 6.5% of GDP, reflecting a strong and sustainable import growth. This is associated with an increased fiscal deficit and greater public investment, in addition to the ongoing loose monetary policy set by the Central Bank of West African States (BCEAO). Credit growth is likely to remain high at 10%, supported by this monetary policy, one which has provided the private banking sector with access to funding that has put it in a negative net position with the BCEAO.
Leading Edge Mali Investment Guide 2017 will offer a select, influential and affluent audience a thorough description of the trade and investment opportunities available in the country. Every sector of the economy will be analysed through articles written by Leading Edge’s team of economic experts, combined with interviews with government officials, local and foreign entrepreneurs, and academic leaders. We hope to raise the profie of the country as an investment destination by facilitating solid and practical information about it.