Mali’s economy grew 7.2 percent in 2014, despite the disruption of a 2012 coup and the threat of Islamist incursion. The growth stems from improvements in public finance and complying with financial market rules.
France’s foreign ministry has launched a website in Mali, urging regular citizens to report suspected cases of corruption in any of development projects that the French presently funds.
The site, L’aide française au Mali (French Aid To Mali), lists every development program that the French government presently sponsors in Mali and provides an online form, as well as a number to text, if Malians wish to report any irregularities in the programs.
The IMF on Monday agreed to provide an emergency $18.4 million loan to Mali to help stabilise its economy over the next 12 months, reported AFP, whilst calling on other international donors to quickly follow suit – in spite of the nation’s current conflict.
For all international countries, Mali is considered one of the poorest per capita GDP (Gross Domestic Product). For this country, approximately 65% of the land is desert or semi-desert, which includes serious issues with unequal income distribution. Because Mali has few natural resources and the climate is not pristine for growing most crops, the majority of the economy depends on sectors around the Riverine area, which is irrigated by the Niger River.
