Mali concludes 2024 with a major success in the West African Economic and Monetary Union (WAEMU) public securities market.
On December 23, 2024, the issuance strengthened the country’s debt management strategy and increased investor confidence.
Issuance Details
• Target Amount: 100 billion FCFA (approximately 152.4 million Euros).
• Amount Raised: 110 billion FCFA (167.7 million Euros).
• Coverage Rate: 116.65% (116.64 billion FCFA in offers received).
• Types of Issuance:
• Fixed Rate Bond (BAT)
• Fixed Rate Treasury Bond (OAT)
Factors Contributing to Success
Strong Investor Confidence:
• High participation from investors, particularly local ones, reflected confidence in Mali’s economic stability.
• The interest shown by investors indicated that the country’s public financing strategies are progressing in the right direction.
Medium and Long-Term Debt Management:
• This operation supports Mali’s objectives of diversifying its debt portfolio and ensuring long-term sustainability.
Positive Economic Policies:
• The fiscal reforms and economic recovery policies implemented by the Malian government were key factors in boosting market confidence.
Results and Impacts
• Strengthened Public Finances:
Mali exceeded its financing targets, allowing for more resources to be allocated to economic development projects.
• Increased Investor Confidence:
The successful issuance has enhanced Mali’s credibility in both national and international financial markets.
• Opportunities for Economic Growth:
The funds raised will help finance projects in key sectors such as infrastructure, education, and healthcare.
This financial success is seen as a significant step toward achieving Mali’s economic goals and demonstrates the country’s sustainable approach to debt management.
