Region: Western Africa
Capital: Bamako
Population (2012): 15, 494,466
Surface area: 1,240, 192 sq. km
Currency: Communauté Financière Africaine franc
GDP per capita (2011): US $ 670

Economy – Overview:

Among the 25 poorest countries in the world, Mali is a landlocked country highly dependent on gold mining and agricultural exports for revenue. The country’s fiscal status fluctuates with gold and agricultural commodity prices and the harvest. Mali remains dependent on foreign aid. Economic activity is largely confined to the riverine area irrigated by the Niger River and about 65% of its land area is desert or semi desert. About 10% of the population is nomadic and some 80% of the labour force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. The government has continued an IMF-recommended structural adjustment program that has helped the economy grow, diversify, and attract foreign investment. Mali is developing its cotton and iron ore extraction industries to diversify its revenue sources because gold production has started to fall. Mali has invested in tourism but security issues are hurting the industry. Mali’s adherence to economic reform and the 50% devaluation of the CFA franc in January 1994 have pushed up economic growth to a 5% average in 1996-2010. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighbouring Cote d’Ivoire. However, Mali is building a road network that will connect it to all adjacent countries and it has a railway line to Senegal. In 2010, Mali experienced a regional drought that hurt livestock and livelihoods.

Human Development Index ranking (2012): 182 out of 186
Net Official Development Assistance (ODA) (2011): US $ 1,270 million
Top Three Donors of gross ODA: IDA, EU Institutions, France
FDI inflows (2012): $ 310 million
Total External Debt (2011): US $ 2.9 billion
External debt stock (% of GNI) (2011): 29.1
Merchandise exports (2011): US$ 2,391 million
Terms of trade index (2012): 172.1
Major export commodities: Gold, Cotton
Cost to export per container (2013): US $ 2,202
HIPC Position (2013):  Post Completion Point

United Nations membership date: 28 September 1960

New York Mission:
Permanent Mission of the Republic of Mali to the United Nations
111 East 69th Street
New York, N.Y.10021
Telephone: 212-737-4150 / 794-1311
Fax: 212-472-3778
Website: http://mali.un.int/

Sources:
United Nations Statistics Division
OECD Creditor reporting System Database
UNCTADStat database
UNDP (2013) Human Development Report
World Bank (2013) HIPC at a Glance
World Bank World Development Indicators
World Bank (2013) Doing Business 2013

Updated July 2013