Bussines in Mali
The macroeconomic framework remained stable in 2009, despite the oil, food and financial crises. Real GDP growth was estimated at 4.3% and
inflation was brought down to 2.2% (from 9.2% in 2008). The economic revival was due to good performances in the primary sector (plenty of rain)
and secondary sector (electricity and construction). Growth is expected to increase to 5% in 2010, as all sectors do well.
Mali complied with four of eight West African Economic and Monetary Union (WAEMU/UEMOA) convergence criteria (including three first-rank ones) in 2009,
up from three out of eight (including two first-rank ones) in 2008, helped by continuing government reforms. The wage bill to tax revenue ratio, at
36%, exceeded the 35% limit which had been respected in 2008. This was mainly because it included the second instalment of cost-of-living wage increases
for civil servants.
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