Mali’s economic growth plan aims for 6.5% expansion by 2029

The Government of Mali has unveiled an ambitious economic roadmap, targeting an average real growth rate of 6.5% between 2027 and 2029. This bold strategy, approved during a high-level Council of Ministers meeting, reflects the nation’s determination to overcome structural challenges and accelerate development.

Central to this vision is the Medium-Term Budgetary and Economic Programming Document (DPBEP) 2027-2029, which outlines key pillars for sustainable progress. Enhanced security conditions, ongoing structural reforms, and intensified revenue mobilization stand out as critical drivers of this growth trajectory.

Revenue mobilization and fiscal targets

The plan includes a progressive increase in tax pressure, with projected rates rising from 13.9% in 2027 to 15.1% by 2029. This steady climb—averaging 14.6% over the three-year period—aims to bolster public finances while supporting essential public services and infrastructure development.

Strategic alignment and funding

The DPBEP aligns seamlessly with Mali’s Kura ɲɛtaasira ka bɛn san 2063 ma vision and the National Strategy for Emergence and Sustainable Development 2024-2033. These frameworks are designed to convert structural constraints into growth opportunities, with an estimated annual implementation cost of 4,382.9 billion FCFA (approximately $7.7 billion).

In parallel, the 2026 draft Finance Law projects budgetary revenues of 3,057.8 billion FCFA, while keeping the fiscal deficit within the 3% GDP limit set by UEMOA. This balance is expected to be achieved through improved revenue collection, disciplined public spending, and the resolution of long-standing fiscal challenges.

Economic recovery and sectoral drivers

The rebound in economic activity follows a period of moderation, with growth dipping to 4.9% in 2025 from 5% in 2024 due to disruptions in gold production and fuel supply challenges linked to security threats. However, optimism is building as conditions improve:

• Gold and lithium price surges are poised to generate additional state revenue, providing a much-needed boost to national coffers.
• Fuel supply restoration and enhanced security measures are expected to restore confidence in key sectors.
• Resolution of mining disputes and the clearance of domestic arrears will further stimulate economic momentum.

The International Monetary Fund (IMF) anticipates a GDP growth of 5.7% for 2027, underscoring the potential for Mali’s economy to regain momentum and deliver on its ambitious targets.

The government’s roadmap represents a decisive step toward transforming Mali’s economic landscape, fostering resilience, and positioning the country for long-term prosperity.