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Mali :, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waivers and Modifications of Performance Criteria: Staff Report; Press Release; and Statement by the Executive Director for Mali

This paper discusses key findings of the Second Review under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for Mali. Performance under the PRGF-supported program has been generally satisfactory, but there have been delays in implementing structural reforms. Performance criterion on nonconcessional debt was breached in April 2009 when the authorities used loan financing instead of the envisaged bond financing for the programmed reduction in value-added tax (VAT) credit arrears. Authorities have taken corrective measures to restore the track record of structural reforms and address the nonconcessional borrowing
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments and Program Implementation; III. Program Discussions; A. The Impact of the Global Financial Crisis on the Macroeconomic Framework; B. Fiscal Policy and the Management of Domestic Debt; C. Structural Reforms and Management of State-Owned Enterprises; D. Program Modalities; IV. Staff Appraisal; Attachment I. Letter of Intent; Attachment I, Annex I: Technical Memorandum of Understanding; Figure; 1. Recent Macroeconomic Developments, 2002-09; Boxes; 1. Budgetary Exposure to Parastatals
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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