Mali Growth and Diversification

This report describes the key policies for Mali to succeed leveraging growth with export diversification. For many decades, Mali has been a commodity-dependent country, mainly relying on gold and, to a lesser extent, cotton. However, the experience...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	EXPORT DIVERSIFICATION EXPORT COMPETITIVENESS INDUSTRIALIZATION EMPLOYMENT PRODUCTIVITY TRADE REFORM PUBLIC INVESTMENT BUSINESS ENVIRONMENT TRADE LOGISTICS SESAME SEEDS CASHEW NUTS GLOBAL VALUE CHAIN
Online Access:	http://documents.worldbank.org/curated/en/631411559671220398/Mali-Growth-and-Diversification http://hdl.handle.net/10986/31829

id	okr-10986-31829
recordtype	oai_dc
spelling	okr-10986-318292021-05-25T09:24:39Z Mali Growth and Diversification World Bank EXPORT DIVERSIFICATION EXPORT COMPETITIVENESS INDUSTRIALIZATION EMPLOYMENT PRODUCTIVITY TRADE REFORM PUBLIC INVESTMENT BUSINESS ENVIRONMENT TRADE LOGISTICS SESAME SEEDS CASHEW NUTS GLOBAL VALUE CHAIN This report describes the key policies for Mali to succeed leveraging growth with export diversification. For many decades, Mali has been a commodity-dependent country, mainly relying on gold and, to a lesser extent, cotton. However, the experience of other countries, in Africa and other parts of the world, shows that large scale production of minerals and oil resources offers great opportunities, but also presents major shortcomings. These are: tendency to growth beyond potential in cycles of booming prices; high GDP growth volatility that translates into a fragile fiscal stance; a resource curse that favors production of non-tradable goods; and a growth pattern biased toward rent-seeking activities, which prevents expansion of competitive activities creation of abundant and better jobs. Mali is no exception to this. Mali needs to structurally transform itself to accelerate growth and reach its vision, Mali 2025. The Government of Mali does not have a choice: without adequate jobs by 2025, Mali’s burgeoning youth population will foment more violence in an already fragile economy and keep investors away. Hence, it has outlined a strategy to achieve this vision centered on the diversification of its economy (and exports) away from natural resource-based commodities. 2019-06-11T19:42:43Z 2019-06-11T19:42:43Z 2018-03-14 Report http://documents.worldbank.org/curated/en/631411559671220398/Mali-Growth-and-Diversification http://hdl.handle.net/10986/31829 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Africa Mali
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	EXPORT DIVERSIFICATION EXPORT COMPETITIVENESS INDUSTRIALIZATION EMPLOYMENT PRODUCTIVITY TRADE REFORM PUBLIC INVESTMENT BUSINESS ENVIRONMENT TRADE LOGISTICS SESAME SEEDS CASHEW NUTS GLOBAL VALUE CHAIN
spellingShingle	EXPORT DIVERSIFICATION EXPORT COMPETITIVENESS INDUSTRIALIZATION EMPLOYMENT PRODUCTIVITY TRADE REFORM PUBLIC INVESTMENT BUSINESS ENVIRONMENT TRADE LOGISTICS SESAME SEEDS CASHEW NUTS GLOBAL VALUE CHAIN World Bank Mali Growth and Diversification
geographic_facet	Africa Mali
description	This report describes the key policies for Mali to succeed leveraging growth with export diversification. For many decades, Mali has been a commodity-dependent country, mainly relying on gold and, to a lesser extent, cotton. However, the experience of other countries, in Africa and other parts of the world, shows that large scale production of minerals and oil resources offers great opportunities, but also presents major shortcomings. These are: tendency to growth beyond potential in cycles of booming prices; high GDP growth volatility that translates into a fragile fiscal stance; a resource curse that favors production of non-tradable goods; and a growth pattern biased toward rent-seeking activities, which prevents expansion of competitive activities creation of abundant and better jobs. Mali is no exception to this. Mali needs to structurally transform itself to accelerate growth and reach its vision, Mali 2025. The Government of Mali does not have a choice: without adequate jobs by 2025, Mali’s burgeoning youth population will foment more violence in an already fragile economy and keep investors away. Hence, it has outlined a strategy to achieve this vision centered on the diversification of its economy (and exports) away from natural resource-based commodities.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Mali Growth and Diversification
title_short	Mali Growth and Diversification
title_full	Mali Growth and Diversification
title_fullStr	Mali Growth and Diversification
title_full_unstemmed	Mali Growth and Diversification
title_sort	mali growth and diversification
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/631411559671220398/Mali-Growth-and-Diversification http://hdl.handle.net/10986/31829
_version_	1764475175046217728

Mali Growth and Diversification

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