World Bank projects 5% economic growth for Mali in 2010
PANA

The World Bank has projected a 5% economic growth for Mali in 2010, based on favourable agricultural forecasts and the global economic recovery.

Speaking Wednesday in Bamako, during a workshop to evaluate the performance of p ublic finance management system in the country, World Bank representative Diam Youssouf Thiam also said i nflation in the country should stabilise at around 2 per cent, while the deficit will be 1.1% of the GDP.

''Despite these good prospects, some challenges remain, in particular at the lev el of the improvement of the efficiency of public expenditure...and poverty reduction,'' said Mr. Thiam

In 2009, Mali recorded an economic growth rate of 4.5%, the best performance amo ng the member countries of the West African Economic and Monetary Union (WAEMU).

During the same year, inflation also went down to 2.2%, from 9.1% in 2008.

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