Mali sets ambitious 6.5% average growth target for 2027-2029
Mali’s government has officially adopted the 2027–2029 Multiannual Budgetary and Economic Programming Document (DPBEP), setting a target of 6.5% average real economic growth over the three-year period.
This trajectory rests on several key drivers, including a gradual improvement in the security situation, the continuation of structural reforms already underway, and stronger domestic revenue mobilisation. To support these efforts, the tax burden is expected to rise steadily from 13.9% in 2027 to 14.7% in 2028 and reach 15.1% in 2029, averaging 14.6% across the entire period.
The plan is aligned with the country’s long‑term vision, known as “Mali Kura ɲɛtaasira ka bɛn san 2063 ma”, and the National Strategy for Emergence and Sustainable Development 2024‑2033, both designed to transform structural constraints into growth drivers. Official estimates place the average annual cost of implementing government actions at 4,382.9 billion FCFA, roughly 7.7 billion US dollars.
The roadmap comes amid an economic recovery. After growth slowed to 4.9% in 2025 (down from 5% in 2024) due to a drop in gold production and fuel supply disruptions caused by terrorist attacks, the economy is regaining momentum. Improved security and a gradual revival of gold output are already contributing to the rebound.
The 2026 budget law projects total revenues of 3,057.8 billion FCFA, while the fiscal deficit is expected to remain within the 3% of GDP ceiling set by the West African Economic and Monetary Union (UEMOA), thanks to better tax collection and controlled public spending.
Additional tailwinds include rising gold and lithium prices, which could generate extra state income. The restoration of fuel supplies, stronger security, the repayment of domestic arrears, and the resolution of a mining dispute are also expected to support growth from 2026 onward. For 2027, the International Monetary Fund forecasts GDP growth of 5.7%, confirming the favourable outlook for Mali’s economy.