Mali:Second and Third Reviews Under the Extended Credit Facility Arrangement. Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director

Second and Third Reviews Under the Extended Credit Facility Arrangement. Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Mali

Author: International Monetary Fund. African Dept.

Second and Third Reviews Under the Extended Credit Facility Arrangement. Requests for Waivers of Nonobservance of Performance Criteria and Modification of Perfo

Volume/Issue: Volume 2021 Issue 067

Publication date: March 2021

ISBN: 9781513575780

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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , International - Economics , ECF arrangement , action program , response plan , Executive Board discussion , IMF's Board , economic reform program , COVID-19 , Debt sustainability analysis , West Africa , Sub-Saharan Africa

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Summary

Against the background of the pandemic shock, a coup d’état on August 18, 2020 led to a period of international disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund engagement was also put on hold during this period, delaying the resumption of discussions under the 2nd and 3rd reviews of the ECF. The transitional government, which will be in place for 18 months until general elections, announced its full adherence to the international obligations and commitments of the previous government, including the reform agenda under the ECF.