Economic Reforms and the Malian Economy

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Periodical article

Title:	Economic Reforms and the Malian Economy
Author:	Bourdet, Yves
Year:	2002
Periodical:	Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907)
Volume:	27
Issue:	1-2
Pages:	25-61
Language:	English
Notes:	biblio. refs., ills.
Geographic terms:	Mali West Africa
Subjects:	development economic policy Politics and Government Economics and Trade History and Exploration Economics, Commerce Economic reform sustainable development
External link:	https://www.jstor.org/stable/43658054
Abstract:	Mali embarked on a comprehensive programme of economic reforms in the late 1980s. This article assesses the economic outcome of these reforms, as well as the limits of reform policy. Reform policy in Mali has been successful in dismantling some components of the patronage system put in place after independence, in curbing the worst macroeconomic imbalances, and in reorienting public expenditure in favour of the social sector and longer-term growth. The devaluation of the CFA franc, the deepening of regional integration in West Africa, and the HIPC (heavily indebted poor countries) initiative of the late 1990s contributed, to various extents, to the improvement of the country's economic situation and growth performance. However, in order to make growth more sustained and better balanced, reform policy in Mali needs to put greater emphasis on measures that improve incentives for private investment and human capital accumulation. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]