Post #390

Old Story in the New Year Mali’s economy will grow faster, but on obsolete “fuel” 📈 The IMF has published its forecast for Mali’s GDP growth in 2026: 5.5%, up from 4.1% in 2025. ⚙️ The main drivers of future growth are higher gold production combined with an improvement in security. 🥇 It is unclear how the IMF knows that the security situation will improve, but when it comes to higher gold output, the Fund is clearly referring to the resumption of operations at the country’s largest gold mine, Loulo-Gounkoto. 🔽 While 5.5% is a very strong figure, roughly twice the global average, relying on gold as the main source of this growth is a problem. As long as it is not replaced by industry, knowledge, and services, the country’s development remains dependent on gold prices, the size of remaining deposits, and the whims of gold producers. ➡️ Follow to stay informed - @devilsbelow