telephone: [1] (202) 332-2249, 939-8950
FAX: [1] (202) 332-6603
Diplomatic representation from the US: chief of mission: Ambassador
Michael RANNEBERGER
embassy: Rue Rochester NY and Rue Mohamed V, Bamako
mailing address: B. P. 34, Bamako
telephone: [223] 22 54 70
FAX: [223] 22 37 12
Flag description: three equal vertical bands of green (hoist side), yellow, and red; uses the popular pan-African colors of Ethiopia
Mali Economy
Economy - overview: Mali is among the poorest countries in the world, with 65% of its land area desert or semidesert. Economic activity is largely confined to the riverine area irrigated by the Niger. About 10% of the population is nomadic and some 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. Mali is heavily dependent on foreign aid and vulnerable to fluctuations in world prices for cotton, its main export. In 1997, the government continued its successful implementation of an IMF-recommended structural adjustment program that is helping the economy grow, diversify, and attract foreign investment. Mali's adherence to economic reform and the 50% devaluation of the African franc in January 1994 have pushed up economic growth to a sturdy 5% average in 1996-2000. Growth should remain around 5% in 2001-02, and inflation should stay less than 2%.