Partner

Global Objective: « Increase adoption of climate-smart landscape restoration practices and increase access to income opportunities. »

Mali's Degraded Land Restoration Project was fully funded by the World Bank CFAF 90 billion

The World Bank is helping Mali meet its economic challenges by focusing on education, health, agriculture and energy.

The World Bank's action in Mali is determined by a partnership framework designed to address the post-crisis challenges of 2012 and 2020. A new partnership framework covering the period 2024-2026 is being developed.

The International Development Association (IDA), the institution of the World Bank Group that helps the poorest countries, currently finances 14 national and 10 regional projects in Mali totalling just over $1.8 billion (including grants and loans). These projects support development in sectors such as energy, agriculture, roads, social protection, water and sanitation, Empowerment of womeneducation and health.

International Finance Corporation (IFC)

The World Bank Group for Private Sector Development (WBDP) window is developing projects at the heart of Mali's development. In collaboration with the World Bank and the World Bank Group's Sahel regional initiative, IFC facilitates private sector development reforms. To attract investors and reduce the risks associated with these projects, it provides financing and technical assistance.

In Mali, IFC mobilizes the private sector to support the country's economic recovery and resilience. For the period 2021-2025, the strategy includes the following priorities:

  • Support to the Covid-19 response by supporting the banking sector and microfinance institutions;
  • Restructuring and restoring the viability of the private sector to reduce the impact of the crisis on real-sector enterprises and financial institutions by focusing on investments in the energy sector and supporting reforms in telecoms and digital finance;
  • Support for economic recovery and reconstruction by encouraging reforms to improve the business environment in order to boost investment in infrastructure, agriculture and agribusiness, promote financial inclusion.

The IFC in Mali also covers technical assistance projects aimed at improving the operations of small and medium-sized enterprises and the business climate, in collaboration with the World Bank.

As at 29 February 2024, IFCC's commitments in Mali totalled $63.6 million and included investments in the financial, infrastructure, services and agro-industry sectors.

Ms Clara De Sousa

Director, World Bank Operations

This project is part of the World Bank Group's Climate Change Action Plan 2021-2025, which aims to support transformative investments, strengthen the resilience of socio-economic systems and improve the living conditions of men, women and young people operating on land and in environments vulnerable to climate shocks.

It will provide Mali with additional information on its resources through the forest, pastoral and fisheries plans to be developed and implemented. It is a strategic, structuring and innovative activity in several respects.

https://projects.bankworldwide.org/en/projects-operations/project-detail/P177041

EnglishenEnglishEnglish
Share This