Finance

Mali: IMF forecasts economic growth of 4.9% in 2015

Saturday, 19 September 2015 05:05

The economic growth should slow down in 2015, to reach 4.9%, due in part to a drop in manufacturing output, announced the International Monetary Fund (IMF) in a communiqué published on 17th September. "After an exceptionally high growth in 2014, year in which the real gross domestic product (GDP) progressed to 7.2%, in 2015 forecasts would plan on a rate of 4.9%, a level closer to the historic trend", declared Christian Josz, who led a mission of experts from IMF in Mali.

"In 2015, the crops are good but the manufacturing output shows weaknesses", added the head of mission who stayed in Bamako from 2nd to 16th September.

The IMF also indicated in its communiqué that inflation in 2015 is estimated at 2.4% (against 0.9% in 2014), compared to a regional target of 3%.

The Bretton Woods institution moreover informed that "all the goals of the agreement on the extended credit facility (ECF) of USD 46.2 million, approved in December 2013, were reached by end June 2015 thanks to a cautious management of public finances".

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