Mali - Economic Policy and Public Finance Management Credit
The Economic Policy and Public Finance Management Credit (EPPFMC) was part of the Country Assistance Strategies (CAS) base case lending scenario of budget support operations. The thematic coverage of the EPPFMC focused on policy and institutional i...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/01/9085546/mali-economic-policy-public-finance-management-credit http://hdl.handle.net/10986/9541 |
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okr-10986-95412021-04-23T14:02:45Z Mali - Economic Policy and Public Finance Management Credit Mastri, Lawrence ADMINISTRATIVE CAPACITIES AGRICULTURAL PRODUCTS ARTISANS COMPETITIVENESS CURRENCY CUSTOMS CUSTOMS CLEARANCE DEFICITS DEPOSIT E-MAIL ECONOMIC POLICY EXPENDITURE EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION FARMER FINANCIAL SECTOR FINANCIAL SITUATION FISCAL MANAGEMENT HANDICRAFT HIGH TRANSPORTATION INFORMATION SYSTEM INSTITUTIONAL REFORM INTERNATIONAL BANK INTERNATIONAL MARKET MARKET DEVELOPMENTS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS PRICE MECHANISM PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR FINANCING PRIVATIZATION PROCUREMENT PROMOTION ACTIVITIES PROMOTION ACTIVITY PROTOCOL PUBLIC EXPENDITURE PUBLIC FINANCE RESULTS RESUME ROAD ROAD TRANSPORT RURAL INFRASTRUCTURE TAX TRADE FACILITATION TRANSIT TRANSPARENCY TRANSPORT TRANSPORT CORRIDORS The Economic Policy and Public Finance Management Credit (EPPFMC) was part of the Country Assistance Strategies (CAS) base case lending scenario of budget support operations. The thematic coverage of the EPPFMC focused on policy and institutional issues in macro, public finance, and selected sector areas. It complemented self-standing sector investment operations covering health, education, rural infrastructure, agricultural competitiveness, support to growth, and transport corridors. The EPPFMC aimed to: (i) promote growth and poverty reduction through (a) strengthening macroeconomic and fiscal management and (b) implementing key actions underpinning Mali's long-term growth and competitiveness; and, (ii) improve efficiency, accountability, and transparency in public finance management through strengthening (a) public expenditure management at central and decentralized levels and (b) the public procurement system. Some of the lessons are as follows: (a) The operation demonstrated the merits of including in Mali's policy-based lending operations, policy and institutional reform measures complementary to and supportive of ongoing sector operations. (b) For a country such as Mali, with weak institutional and administrative capacities, it is important to be realistic on what can be achieved, and be selective on which issues are undertaken within a short timeframe. This lesson was adhered to in the EPPFMC. (c) Policy measures should be better matched to the objectives sought. In the Mali cotton case, although the cotton reform actions were and continue being implemented, the cotton sector remains in a precarious financial situation due not only to weak management but also to (a) stagnant or adverse international cotton prices and (b) an appreciating currency, resulting in lower local-currency denominated revenues on marketed cotton. 2012-08-13T08:54:34Z 2012-08-13T08:54:34Z 2008-01 http://documents.worldbank.org/curated/en/2008/01/9085546/mali-economic-policy-public-finance-management-credit http://hdl.handle.net/10986/9541 English Africa Region Findings & Good Practice Infobriefs; No. 144 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research 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 |
ADMINISTRATIVE CAPACITIES AGRICULTURAL PRODUCTS ARTISANS COMPETITIVENESS CURRENCY CUSTOMS CUSTOMS CLEARANCE DEFICITS DEPOSIT ECONOMIC POLICY EXPENDITURE EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION FARMER FINANCIAL SECTOR FINANCIAL SITUATION FISCAL MANAGEMENT HANDICRAFT HIGH TRANSPORTATION INFORMATION SYSTEM INSTITUTIONAL REFORM INTERNATIONAL BANK INTERNATIONAL MARKET MARKET DEVELOPMENTS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS PRICE MECHANISM PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR FINANCING PRIVATIZATION PROCUREMENT PROMOTION ACTIVITIES PROMOTION ACTIVITY PROTOCOL PUBLIC EXPENDITURE PUBLIC FINANCE RESULTS RESUME ROAD ROAD TRANSPORT RURAL INFRASTRUCTURE TAX TRADE FACILITATION TRANSIT TRANSPARENCY TRANSPORT TRANSPORT CORRIDORS |
| spellingShingle |
ADMINISTRATIVE CAPACITIES AGRICULTURAL PRODUCTS ARTISANS COMPETITIVENESS CURRENCY CUSTOMS CUSTOMS CLEARANCE DEFICITS DEPOSIT ECONOMIC POLICY EXPENDITURE EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION FARMER FINANCIAL SECTOR FINANCIAL SITUATION FISCAL MANAGEMENT HANDICRAFT HIGH TRANSPORTATION INFORMATION SYSTEM INSTITUTIONAL REFORM INTERNATIONAL BANK INTERNATIONAL MARKET MARKET DEVELOPMENTS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS PRICE MECHANISM PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR FINANCING PRIVATIZATION PROCUREMENT PROMOTION ACTIVITIES PROMOTION ACTIVITY PROTOCOL PUBLIC EXPENDITURE PUBLIC FINANCE RESULTS RESUME ROAD ROAD TRANSPORT RURAL INFRASTRUCTURE TAX TRADE FACILITATION TRANSIT TRANSPARENCY TRANSPORT TRANSPORT CORRIDORS Mastri, Lawrence Mali - Economic Policy and Public Finance Management Credit |
| geographic_facet |
Africa Mali |
| relation |
Africa Region Findings & Good Practice Infobriefs; No. 144 |
| description |
The Economic Policy and Public Finance
Management Credit (EPPFMC) was part of the Country
Assistance Strategies (CAS) base case lending scenario of
budget support operations. The thematic coverage of the
EPPFMC focused on policy and institutional issues in macro,
public finance, and selected sector areas. It complemented
self-standing sector investment operations covering health,
education, rural infrastructure, agricultural
competitiveness, support to growth, and transport corridors.
The EPPFMC aimed to: (i) promote growth and poverty
reduction through (a) strengthening macroeconomic and fiscal
management and (b) implementing key actions underpinning
Mali's long-term growth and competitiveness; and, (ii)
improve efficiency, accountability, and transparency in
public finance management through strengthening (a) public
expenditure management at central and decentralized levels
and (b) the public procurement system. Some of the lessons
are as follows: (a) The operation demonstrated the merits of
including in Mali's policy-based lending operations,
policy and institutional reform measures complementary to
and supportive of ongoing sector operations. (b) For a
country such as Mali, with weak institutional and
administrative capacities, it is important to be realistic
on what can be achieved, and be selective on which issues
are undertaken within a short timeframe. This lesson was
adhered to in the EPPFMC. (c) Policy measures should be
better matched to the objectives sought. In the Mali cotton
case, although the cotton reform actions were and continue
being implemented, the cotton sector remains in a precarious
financial situation due not only to weak management but also
to (a) stagnant or adverse international cotton prices and
(b) an appreciating currency, resulting in lower
local-currency denominated revenues on marketed cotton. |
| format |
Publications & Research :: Brief |
| author |
Mastri, Lawrence |
| author_facet |
Mastri, Lawrence |
| author_sort |
Mastri, Lawrence |
| title |
Mali - Economic Policy and Public Finance Management Credit |
| title_short |
Mali - Economic Policy and Public Finance Management Credit |
| title_full |
Mali - Economic Policy and Public Finance Management Credit |
| title_fullStr |
Mali - Economic Policy and Public Finance Management Credit |
| title_full_unstemmed |
Mali - Economic Policy and Public Finance Management Credit |
| title_sort |
mali - economic policy and public finance management credit |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/01/9085546/mali-economic-policy-public-finance-management-credit http://hdl.handle.net/10986/9541 |
| _version_ |
1764409740197101568 |