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Hon Konimba Sidibe Minister of Investment Promotion and Private Sector.

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Presentation on theme: "Hon Konimba Sidibe Minister of Investment Promotion and Private Sector."— Presentation transcript:

1 Hon Konimba Sidibe Minister of Investment Promotion and Private Sector

2 Economic Outlook & Financial Sector Development Konimba Sidibé Minister of Investmement promotion and Private Sector

3 A dynamic economy Favorable macroeconomic indicators Growth driven by the primary (+ 7,6 %) and tertiary (+ 7,4 ) sectors in 2015 201420152016* Taux de croissance 7%7% 6%6% 5,3 % Inflation + 0,9 %+ 1,5 %+1%+1% Solde Balance des Paiements (F.CFA) - 133 Mds- 87,1 Mds - 24,5 Mds

4 The economic recovery is clearly defined The economic recovery programme is supported by the Technical and Financial Partners with more than 6 billions USD

5 Promoting Private Sector and the Investment are listed among the top priorities of the Gov of Mali Incentive framework: Investment code, Mining and Oil & Gas Code Attractive Tax System One Stop Shop Priority sectors: Agriculture Energy Infrastructure Mining Development of Public – Private Partnership (PPP)

6 The business environment is improving Security situation Legal environment Environmental et social impact of projects Access to finance for SMEs

7 The Financial System’s contribution to the financing of the economy

8 A financial system under development 15 banks and financial institutions 7,7 Mds USD of total asset Good profitability with 122 million USD 127 SFD (microfinance institutions) 2015 data

9 Financial sector contribution to the economy fiancing remains limited… Long term loan for investment projects are low / Short terme lorans: 76,4 %) Poor financing of the SMEs

10 …but initiatives are being undertaken in order to correct this situation International best practices (Bâle II/III, Normes IAS/IFRS) Streamlining the prudential framework Promoting alternative financing mechanisms to bank credit (leasing, islamic finance) Setting up garantee funds to support the financing granted

11 Thank you for your kind attention!


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