IMF Allocates $129 Million to Support Mali’s Flood Recovery and Climate Resilience Efforts

The International Monetary Fund (IMF) has approved an immediate disbursement of US$129 million to Mali under its Rapid Credit Facility (RCF). The financial aid is targeted towards addressing Mali’s urgent economic needs in the aftermath of severe flooding that struck in 2024, causing widespread damage to infrastructure and agricultural land, disrupting essential services, and worsening…

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Mali’s Finance Sector Threatens Extended Nationwide Strike Amid Ongoing Industrial Action

Mali’s finance sector may face a prolonged shutdown as workers threaten to extend their ongoing industrial action to 120 hours – from Tuesday, 22 April to Saturday, 26 April, if the government fails to meet their demands. The strike, led by the National Union of Banks, Insurance Companies, Financial Institutions, Retailers, and Service Stations (SYNABEF),…

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