Mali establishes the Economic and Social Stabilization National Fund

25 Feb 2013

Bamako - The Ministry of Economy, Finance and Budget of the Republic of Mali and UNDP signed the Memorandum of Agreement for a new National Fund. The Fund entitled “Fonds National de Stabilisation Economique et Sociale du Mali” will directly support Government stabilization priority activities for an initial duration of 2 years. The main objective of the Fund is to prevent further socio-economic degradation in Mali as a result of the current crisis and the major budgetary deficit. The Fund will mainly support the Health, Education, Water and Sanitation, Agriculture, Energy and Elections sectors. The UNDP Multi-Partner Trust Fund Office will provide fund administration, management and other support services related to the establishment and management of the National Fund. For more information please visit the Mali Stabilization Fund page.

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