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Official UK exports in goods to Mali, principally machinery and manufactured goods, were worth £4.3m in 2006, down from £5.4m the previous year, while imports from Mali were worth £279,000.
Mali is one of the world's poorest countries. Life expectancy at birth is 48 years and, during the 1990-2003 period, 72% of the population lived on less than $1 a day. On the UNDP's Human Development Index for 2005, Mali is ranked fourth from the bottom at 174 out of 177 countries. Environmental and climatic problems such as the locust attacks and droughts of 2004 adversely affect the livelihoods of the rural populations. Pressure on the rural population has increased since the outbreak of civil conflict in Cote d'Ivoire in 2002, as refugees and returnees need to be catered for and remittances from workers in Cote d'Ivoire have dropped.
Mali enjoys good relations with bilateral donors (especially France) and with the European Commission, the IMF and World Bank. In March 2003, Mali reached HIPC completion point, and has since received considerable debt relief. The government remains dependent on donors for around 15% of its revenue. In early 2005, the World Bank agreed a $25 million loan. Mali is halfway through a 3-year IMF Poverty Reduction and Growth Facility loan of $14 million.
International Bank for Reconstruction and Development (IBRD)
The UK's modest bilateral aid programme ended in March 1994, although the British Government continues to give support through multilateral aid channels. The British Embassy in Dakar currently administers 7 developmental projects under the Small Grants Scheme, totalling £70,000.