Creating Markets in Mali : Mobilizing the Private Sector for Economic Resilience and Recovery - Country Private Sector Diagnostic
Until the onset of the coronavirus disease 2019 (SARS-CoV2) COVID-19 pandemic and despite the deteriorating security situation, Mali’s economic growth averaged five percent since 2014, on par with its long-term potential. Mali’s fragile state statu...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099004108052210410/IDU03e008c4a0fb380499e0b2f1043f07c329859 http://hdl.handle.net/10986/37862 |
| Summary: | Until the onset of the coronavirus
disease 2019 (SARS-CoV2) COVID-19 pandemic and despite the
deteriorating security situation, Mali’s economic growth
averaged five percent since 2014, on par with its long-term
potential. Mali’s fragile state status has also taken a toll
on economic activity and social welfare by reducing access
to markets, threatening food security, and degrading human
capital indicators. With an increasing debt burden resulting
in limited fiscal space to address persistent security risks
and to combat the COVID-19 pandemic, the government of Mali
is compelled to refocus the role of the state and unleash
the potential of the private sector to boost productivity
growth, to diversify the economy away from a narrow base,
and to ensure inclusive economic and social welfare for all
Malians. The growth model will be readdressed around
energizing investment, creating resilient markets, and
building back better for a more resilient recovery via (a)
improving the business environment; (b) crowding-in private
participation in the delivery of infrastructure and certain
public services; (c) ensuring that remaining state-owned
enterprises and private firms compete on equal terms - that
is, upholding competitive neutrality principles; (d)
expanding public-private partnerships in key sectors,
through transparent and competitive procurement; and (e)
leveraging digital solutions by further enhancing digital
infrastructure that would, in turn, increase the uptake of
digital financial services and digital platforms for key
sectors of the economy, such as agriculture, and digitize
government services (e-government). |
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