Mali Presentation_Pengally

Mali Presentation_Pengally - Mali Macroeconomic Outline and...

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Mali: Macroeconomic Outline and Forecast Recovering from 2012 coup and civil war
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Agenda Background Recent Events Real Sector Inflation and Exchange Rate External Sector Fiscal Sector Monetary Sector Conclusions and Concerns Presenter: Claire Pengelly Date: 14 October 2013
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Background Mali is a land-locked country in West Africa Historically it formed part of 3 Western African empires that controlled the Trans-Saharan trade route in gold, salt and slaves At its peak in 1300, the Mali was twice the size of France and controlled territory all the way to the West African coast It was colonised by France during the 19 th century
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Background Population: 14,8 million Population growth rate: 3% Major languages: French, Bambara, Berber, Arabic Religions: Islam, indigenous beliefs Life expectancy: 52 years Poverty rate (% pop below $1,25 PPP): 50% Climate: dry and arid in north to tropical in south
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Background 0 2000000 4000000 6000000 8000000 10000000 12000000 14000000 16000000 0 0.5 1 1.5 2 2.5 3 3.5 Population, total Population growth (annual %)
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Background Gained independence from France in 1960 Subsequent turbulent decades with droughts, rebellions and a military dictatorship for 23 years Since democratic elections in 1992, been a multi-party, stable democracy until 2012 Ethnic tensions between Arab-Berbers (Tuareg) of north and black populations of south. History of slavery between groups.
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Recent Events Food crisis in 2011 due to drought Military coup in March 2012 Armed conflict in Northern Mali: Tuareg rebels and Islamists occupy north of country and declare independence in April 2012 African and French military intervention from January 2013. Peace treaty with rebels April 2013 Elections held July 2013. New president elected August. Fighting flares up again in September
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Economic Background Economy largely focused on cotton, rice and gold production $693 GDP/Capita (2012) Central Bank of West African States with 7 other
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