The International Monetary Fund has approved a $129 million disbursement to Mali under its Rapid Credit Facility to help the country address urgent balance of payment needs following severe flooding.
The funds will support Mali in financing essential imports and critical infrastructure repairs, and are part of an 11-month Staff Monitored Program aimed at strengthening fiscal governance, enhancing revenue mobilization, and improving social protection.
The IMF’s support aims to help Mali stabilize its economy, improve governance, and promote sustainable growth, amid moderate debt distress risks and significant economic challenges, including heightened security risks and food insecurity.
