Since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro. Economic activity is largely confined to the riverine area irrigated by the Niger.
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. In 1997, the government continued its successful implementation of an IMF-recommended structural adjustment program that is helping the economy grow, diversify, and attract foreign investment. All rights reserved. This content may only be stored for personal and non-commercial purposes. The republication or reuse of the content without the written prior permission of M-Web is prohibited.