Franklin

Mali Financial Sector Assessment [electronic resource] : Development Module.

Author/Creator:
World Bank.
Publication:
Washington, D.C. : The World Bank, 2015.
Format/Description:
Government document
Book
1 online resource (1 p.)
Series:
Financial Sector Assessment Program
World Bank e-Library.
Financial Sector Assessment Program
Status/Location:
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Local subjects:
Access to Finance. (search)
Agricultural Development Bank. (search)
Agricultural Finance. (search)
Agricultural Sector. (search)
Bank Accounts. (search)
Bankruptcy and Resolution of Financial Distress. (search)
Capacity Building. (search)
Capital. (search)
Collateral. (search)
Commercial Banks. (search)
Consumer Protection. (search)
Cooperatives. (search)
Credit. (search)
Debt Markets. (search)
Economic Development. (search)
Entrepreneurs. (search)
Family. (search)
Finance and Financial Sector Development. (search)
Financial Institutions. (search)
Financial Policy. (search)
Financial Regulation & Supervision. (search)
Financial Services. (search)
Financial and Private Sector Development. (search)
Housing Finance. (search)
Interest Rates. (search)
International Financial Standards and Systems. (search)
Loans. (search)
Microfinance Institutions. (search)
Microinsurance. (search)
Mortgages. (search)
Privatization. (search)
Profitability. (search)
Remittances. (search)
Risk Management. (search)
Savings. (search)
Securities. (search)
Technical Assistance. (search)
Women. (search)
Summary:
Mali is a vast, land-locked country in West Africa with a population of approximately 14.9 million, and a GDP per capita of USD480. The economy is largely rural, with over two-thirds of the population living off agriculture, notably cotton. Gold is the country's largest export, though production has been declining and the industry faces an uncertain future as proven reserves are limited. The service sector, which represents 40 percent of GDP, is dominated by trade and commerce. Mali's dependence on crops and gold makes it vulnerable to terms of trade shocks. Industry, which employs just 3 percent of the active population, consists largely of small-scale food processing and textile plants. The overwhelming majority of the population (over 90 percent) works in the informal sector. The FSAP Development Module focused on: i) the banking sector and legal framework (credit to the economy); ii) microfinance; iii) agricultural finance; iv) insurance; and v) housing finance2. The mission carried out in-depth assessments on each topic and provided recommendations aiming at mitigating financial vulnerabilities and supporting the development of the financial sector (i.e. development the credit to the economy while insuring financial stability).
Contributor:
World Bank.
Publisher Number:
10.1596/24582
Access Restriction:
Restricted for use by site license.