IMF reaches a staff-level agreement for $120mn emergency financing to Mali .

The IMF has reached a staff-level agreement with Mali for emergency financing worth about $120 million, subject to executive board approval. Mali faces economic challenges due to external shocks, including Russia's war in Ukraine and regional funding constraints, leading to rising import costs for essential goods like food and fertilizers. The financing aims to support food provision, education, shelter, and access to clean water, health, and sanitation.

April 30, 2024
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