| Major trade partners (1994) Cote
d'Ivoire.............................................28.8%
France........................................................22.3%
Senegal......................................................15%
Belgium.....................................................9.5%
Holland......................................................4.4%
Spain..........................................................3.3%
Great Britain.............................................1.2%
USA...........................................................1.05%
Germany....................................................1.26%
Source: BCEAO
Economic Data
There is a serviced industrial zone in
Bamako
Gold estimated reserves: 800 tonnes
Phosphate: estimated reserves of 20 millions tonnes - (Tilemsi)
Limestone: 40 millions tonnes - (Bafoulabe, Hombori)
Rock salt- 53 millions tonnes (Taoudenit)
Bauxite: 1,2 billion tonnes (Kayes, west of Bamako)
Iron: 2 billions of tonnes (Kayes)
Manganese: 10 millions of tonnes (Ansongo)
Bituminous- shale: 10 billions of tonnes
Marble: 60 millions of tonnes
Oil shale: Found in the Gao region
Crypse: 405 000 of tonnes
Mali has 40 millions hectares of tillable lands - The main productions are cereals
(2,300,000 tonnes in 1997). Fruits and vegetables (mangoes, French beans, tomatoes,
shallot, gumbo, etc.) industrial farming cotton (560,000 tonnes in 1997), peanut, tobacco,
tea and picking of fruits.
Cattle breeding
In 1997, cattle, sheep and goats number rose to 28 millions, Horse, donkeys, camels and
pigs rose to 1million
Poultry Farming
Fowl Livestock numbers estimated to be 22 millions in 1995.
Fishing
Mali exports fish to Ghana and Ivory Coast. Fishing employs 300,000 people in Mali today -
in 1995 150,000 tonnes of fish were caught.
Bee Keeping
Mali produces tabout 4,000 tonnes of honey and 200 tonnes of beeswax per year.
Processing industry
In 1993 the number of industrial enterprises reached 200 and the number of employments was
12,515.
Mali has started benefiting from its new
political and economic reforms. The orientation system set up as well as the
political stability have made it possible to generate a significant flow of direct foreign
investments. They grew to 689 millions CFA F in 1995, 4,9 milliards CFA F in 1996 and 6
milliards CFA F in 1997 whithin non- mining sectors.
Monetary Policy
Mali is a full member of the Economic and Monetary Union of West Africa (UEMOA). As in all
states of the Union, the Franc CFA is the currency in Mali. The goals of UEMOA are:
- Stimulate economic growth as well as protecting the currency
- Increase the participation of West Africa Central Banque in financing development
programs in UEMOA states
- Contribute to the africanization of economies, and encourage the emergence of small and
mid-size national enterprises.
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