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Country · MLI

Mali · Finances and debt

Source: IMF, World Economic Outlook (October 2026) · copied on 2026-11-11

Public finances and external accounts

A fiscal deficit of 1.5 % of GDP

Mali: in 2025, the general government spent 1.5 % of GDP more than it collected, public debt stood at 40.3 % of GDP, the current account showed a surplus of 0.1 % (IMF).

Fiscal balance · 2025
−1.5 %
of GDP · +3.1 pt since 2020
Public debt · 2025
40.3 %
of GDP · +0.5 pt since 2020
Current account · 2025
+0.1 %
of GDP · +1.9 pt since 2020

Fiscal balance, % of GDP

Negative: a deficit · dashed: estimates and projections

−6 % −4 % −2 % 0 % 2015 2020 2025 2030 Mali −2.8 West Africa −2.8 −6 % −4 % −2 % 0 % 2015 2020 2025 2030
Chart data as a table
Mali: in 2025, the general government spent 1.5 % of GDP more than it collected, public debt stood at 40.3 % of GDP, the current account showed a surplus of 0.1 % (IMF).
Year MaliWest Africa
2015 −1.5 % −2.9 %
2016 −3.3 % −3.6 %
2017 −2.4 % −3.7 %
2018 −4.0 % −3.4 %
2019 −1.4 % −3.6 %
2020 −4.6 % −5.4 %
2021 −4.1 % −5.1 %
2022 −4.1 % −5.4 %
2023 −3.0 % −4.0 %
2024 −2.2 % −3.6 %
2025 · estimate −1.5 % −2.5 %
2026 · projection −2.8 % −3.2 %
2027 · projection −2.8 % −3.0 %
2028 · projection −2.8 % −2.8 %
2029 · projection −2.8 % −2.8 %
2030 · projection −2.8 % −2.8 %
  • Mali
  • West Africa

Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)

UEMOA convergence criteria

First-rank criteria in 2025

  • Fiscal balance ≥ −3 % of GDP −1.5 % Met
  • Inflation ≤ 3 % 2.3 % Met
  • Public debt ≤ 70 % of GDP 40.3 % Met

Syli Atlas calculation from IMF figures · thresholds: UEMOA Additional Act No. 01/2015/CCEG/UEMOA · fiscal balance: general government net lending or borrowing (IMF), close to the overall balance including grants

Currency

West African CFA franc

Mali shares the West African CFA franc and its central bank, the BCEAO, with the seven other UEMOA countries: the policy rate and foreign exchange reserves are common. The franc is pegged to the euro.

Currency
XOF
West African CFA franc
Exchange regime
Fixed
1 EUR = 655.957 XOF
Inflation · 2025
2.3 %
average annual change in consumer prices

Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026)

Debt

A debt owed first to multilateral lenders

At the end of 2025, Mali owed 6.4 bn$ in public external debt (World Bank). 7.9 % of it was owed to China, 75.9 % to multilateral institutions and 0.0 % to bond holders.

Public debt · 2025
40.3 %
of GDP · IMF
External debt · 2025
7.3 bn$
public and private · World Bank
Public external debt · 2025
6.4 bn$
owed or guaranteed by the State
Debt service · 2024
4.9 %
of exports of goods, services and income

Risk of debt distress

IMF and World Bank debt sustainability analysis

Latest analysis published on 2025-09-10: moderate.

Source: IMF, list of debt sustainability analyses of low-income countries, as of 2026-03-31 · imf.org

Public external debt by creditor

Share of the total at the end of each year

2015
2020
2025
Multilateral (IMF, World Bank, AfDB…)
75.9 %
China
7.9 %
Other countries
16.2 %
Bonds (Eurobonds)
0.0 %
Banks and other private lenders
0.0 %

Source: World Bank, International Debt Statistics (updated 2026-11-05) · public and publicly guaranteed external debt, end of year · CC BY 4.0 · shares: Syli Atlas calculation