Mali’s economy will expand 6.3 percent next year as international donors restart aid to Africa’s third-largest gold producer after the first election since a military coup in March 2012.
Inflation will quicken to 3 percent in 2014 from 1.2 percent in 2013 and the budget deficit will widen to 6.2 percent of gross next year from 5.2 percent, Madani Toure, Mali’s minister in charge of budget, said in an interview in Ghana’s capital, Accra, yesterday
Mali’s $10.6 billion economy contracted 1.2 percent in 2012 and may expand 4.8 percent this year, according to the International Monetary Fund. The nation expects to access $4 billion pledged by international donors. Donors include France, Denmark, the World Bank and the African Development Bank, Toure said.
Former Prime Minister Ibrahim Boubacar Keita won the presidential elections in August after the nation nearly split because of a lack of government support in a battle against ethnic-Touareg rebels in the country’s north. French forces intervened in January to aid the former colony.
“We have received huge pledges of budgetary support since the war ended,” Toure said. “Developmental projects comprising roads and sanitation which were suspended because of the war are restarting. We are recovering in all sectors except the mining sector.”
To contact the reporter on this story: Ekow Dontoh in Accra at firstname.lastname@example.org
To contact the editor responsible for this story: Antony Sguazzin at email@example.com