BAMAKO: Mali’s economy posted growth of 7.2% in 2014, the International Monetary Fund (IMF) said, in an encouraging sign of recovery from the chaos of a coup. Christian Josz, the IMF’s mission chief in Mali, praised the government for making “major efforts to strengthen the management of public finances, insisting on compliance with fiscal rules and reversals of markets” in the final months of 2014. The recovery comes after the country was upended by a coup in 2012 which opened the door for an incursion and French-led military intervention in January 2013 to restore democracy. In December last year, the IMF lifted a block on aid to Mali, frozen for six months after the impoverished west African nation lavished $40 million on a presidential plane.
Published in The Express Tribune, April 26th, 2015.
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