Mali - Structural Adjustment Programme (SAP)


Project Summary

Approval Date 15 Dec 1992
Signature Date 29 Jan 1993
Planned Completion Date 31 Dec 2000
Last Disbursement Planned Date 31 Dec 2000
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 5,526,063.07
Status Completion

Project General Description

The Structural Adjustment Programme is designed in response to the structural imbalances facing Mali. This situation, which was partly the result of extensive state interventionism, has created companies that enjoy rather excessive protection, to the detriment of the development of private initiative. To redress this situation, the Malian Government implemented, for the period 1990-1992, this programme which aims to restore the internal and external balances of the economy by creating an environment that encourages the development of the private sector and by improving the management of public resources. In quantitative terms, the aim is to achieve an annual increase in real GDP of 4% by 1992, to contain the annual inflation rate, and to reduce the current account deficit in the balance of payments, excluding official transfers to 12.8% of GDP. The main components of the program are: (A) restoration of key macroeconomic and financial balances; (B) creation of an economic environment conducive to private sector development; (C) improvement of public resource management; (D) mitigation of the transitional costs of adjustment by taking into account the social dimensions of adjustment.

Project Objectives

The objective of the 1990-1992 Structural Adjustment Programme (SAP) is to enable Mali to make progress and achieve a sustainable growth rate by 1992, consistent with a stable financial situation and a sustainable balance of payments position.

Beneficiaries

The main beneficiary of the programme is the Government of Mali.

Participating Organization

Funding
African Development Fund
Implementing
Caisse Autonome d'Amortissement du Mali

Information

IATI identifier 46002-P-ML-K00-003
Last Update 31 Oct 2019

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Geographic Location

Country Mali