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Mali and the World Bank information


Mali and the World Bank
Map of Mali

Mali joined the World Bank Group in 1963 after they gained their independence from France in 1960. They are a low-income country with 41.3% of their population living under the poverty line in 2019.[1] Additionally, Mali is a landlocked country whose economy is vulnerable to changes in climate.[2] Thus, Mali has relationships with the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporations (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In 2019, the IBRD and IDA committed to lending 500 million US dollars to projects in Mali, a large jump from 2018, where only US$178 million was lent.[1] The bank group is currently involved in 30 projects in the region.[1]These projects focused on areas such as mining, cotton, climate change, good governance, and health. Since 2013, the World Bank Group has worked alongside their UN mission counterpart, MINUSMA (U.N. Multidimensional Integrated Stabilization Mission in Mali) to create stability and growth in the region.[3] The current World Bank Country Director for Mali is Soukeyna Kane.[4]

  1. ^ a b c "Overview". World Bank. Retrieved 2019-11-26.
  2. ^ "The World Bank Group in Mali". web.worldbank.org. Retrieved 2019-11-26.
  3. ^ "Detail". www.bti-project.org. Retrieved 2019-11-26.
  4. ^ "All Experts". World Bank. Retrieved 2019-11-26.

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