Mali’s real GDP growth rate is expected to stand at 4% in 2021, according to the 2021 budget law drawn up by the government. These forecasts follow a year 2020 when the contraction, more severe than initially projected, was of the order of -2%, after a high average economic growth rate of + 5.7% between 2014 and 2019.
This forecast, it is said, is based essentially on the assumptions of better performance of subsistence agriculture thanks to the pursuit of agricultural policies and reforms, good rainfall, the implementation of public investment programs, and the dynamism of the branches of “transport and telecommunications”, “public administration activities” and “Commerce”.
“The macroeconomic outlook for 2021 is also influenced by the effects of the health crisis linked to Covid-19, in addition to those of the still unstable security situation”, we read in the finance law which should be approved in the next few months. days by the National Transitional Council (CNT) which acts as parliament.
“Like international forecasts, these are also fraught with uncertainty,” the Malian authorities said.