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Mali
Country name: Mali Conventional long form: Republic of Mali Currency: CFA franc - Communauté Financière Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States Other larger cities: Ségou, Mopti, Tombouctou, Gao, Kidal, Sikasso, Taoudenni, Kayes
Background:
Location: Western Africa, southwest of Algeria Climate: subtropical to arid; hot and dry (February to June); rainy, humid, and mild (June to November); cool and dry (November to February) Terrain: mostly flat to rolling northern plains covered by sand; savanna in south, rugged hills in northeast Natural resources: gold, phosphates, kaolin, salt, limestone, uranium, gypsum, granite, hydropower Environment - current issues: deforestation; soil erosion; desertification; inadequate supplies of potable water; poaching
Executive branch: chief of state: President Amadou Toumani TOURE (since 8 June 2002)
Economy - overview: Mali is among the poorest countries in the world, with 65% of its land area desert or semidesert and with a highly unequal distribution of income. Economic activity is largely confined to the riverine area irrigated by the Niger. About 10% of the population is nomadic and some 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. Mali is heavily dependent on foreign aid and vulnerable to fluctuations in world prices for cotton, its main export, along with gold. The government has continued its successful implementation of an IMF-recommended structural adjustment program that is helping the economy grow, diversify, and attract foreign investment. Mali's adherence to economic reform and the 50% devaluation of the CFA franc in January 1994 have pushed up economic growth to a sturdy 5% average in 1996-2006. Worker remittances and external trade routes for the landlocked country have been jeopardized by continued unrest in neighboring Cote d'Ivoire. Agriculture - products: cotton, millet, rice, corn, vegetables, peanuts; cattle, sheep, goats Industries: food processing; construction; phosphate and gold mining
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