Mali: Mali’s domestic debt, a challenge for economic recovery
In 2023, Mali’s domestic debt reached 2,965.9 billion FCFA (nearly 5 billion dollars), representing over 55% of the country’s total public debt. This figure, while alarming, reflects the economic difficulties Mali has faced for several years, particularly due to security and political crises that have hindered growth.
However, the Malian government is determined to restore the confidence of local economic operators, hoping to revive economic growth and stabilize public finances.
One of the government’s primary objectives is to rebuild trust among national economic actors, as their investment is crucial for revitalizing the private sector and boosting the economy. A domestic debt of this magnitude limits public investment capacity, directly impacting infrastructure, social services, and private initiatives. The government aims to address this situation by collaborating with local businesses and investors to create an environment conducive to growth.
To encourage this recovery, Malian authorities are working on multiple fronts. On one hand, they are implementing reforms aimed at streamlining public finances and better managing contracted debts, including reducing state operating costs and increasing efficiency in resource allocation. On the other hand, they are looking to improve the business climate by simplifying administrative procedures and strengthening public-private partnerships.
