Tentmaker Reports

Mali Report

Entrepreneurial Missions Index

47.9

General Information

Population

15,369,809 (62nd most populous country in the world)

RELIGIONS
Muslim90%
Christian1%
Indigenous9%
LANGUAGES
Bambara80%
French
African Languages

Industries

Food processing, construction, phosphate, and gold mining

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Mali, visit https://www.cia.gov/library/publications/the-world-factbook/geos/ml.html.

Business Information

The World Bank ranks Mali as 148 out of 183 economies in terms of ease of doing business. The country ranks as 117 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Mali.

In order to start a business in Mali, one must follow these procedures:

  1. Deposit the initial capital with a bank or a notary and obtain the certification
  2. Sign an affidavit to certify of no criminal records
  3. Notarize bylaws and pay the registration fee at the notary
  4. Purchase legal stamps at the Tresor for the Authorization to operation, application of the Impots (Taxes), application for the Tribunal de Commerce, application for the statistical office, proof of payment of the patente
  5. Array
  6. File a demand d’immatriculation d’un employeur for the company, and for every worker file a bulletin d’embauche with the Institut National de Prevoyance Sociale (INPS)
  7. File with the Direction Nationale du Travali every contract with every employee

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Mali, visit http://www.doingbusiness.org/.

 

 

Mali Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

1A General government consumption spending as a percentage of total consumption 7.9
Area 1-A Data 13.1
1B Transfers and subsidies as a percentage of GDP 10
Area 1-B Data 0.2
1C Government enterprises and investment 4
Area 1-C Data 37.6
1Di Top marginal income tax rate 0
Area 1-Di Data 0
1Dii Top marginal income and payroll tax rates 0
Area 1-Dii Data 0
1D Top marginal tax rate 0
1 Size of Government: Expenditures, Taxes, and Enterprises 7.3
2A Judicial independence (GCR) 4.6
2B Impartial courts (GCR) 4.6
2C Protection of property rights (GCR) 5.1
2D Military interference in rule of law and the political process (CRG) 5.8
2E Integrity of the legal system (CRG) 5
2F Legal enforcement of contracts (DB) 1.8
2G Regulatory restrictions on the sale of real property (DB) 4.5
2 Legal Structure and Security of Property Rights 4.5
3A Money growth 9.7
Area 3-A Data 1.7
3B Standard deviation of inflation 9.2
Area 3-B Data 2.05
3C Inflation: Most recent year 9.7
Area 3-C Data 1.41
3D Freedom to own foreign currency bank accounts 0
3 Access to Sound Money 7.1
4Ai Revenues from trade taxes (% of trade sector) 8
Area 4-A(i) Data 3
4Aii Mean tariff rate 7.6
Area 4-A(ii) Data 11.9
4Aiii Standard deviation of tariff rates 7.3
Area 4-A(iii) Data 6.8
4A Taxes on international trade 7.6
4Bi Non-tariff trade barriers (GCR) 4.5
4Bii Compliance cost of importing and exporting (DB) 4.4
4B Regulatory Trade Barriers 4.5
4C Size of the trade sector relative to expected 5.5
4D Black-market exchange rates 10
4Ei Foreign ownership/investment restrictions (GCR) 6.1
4Eii Capital Controls 0.8
4E International Capital Market Controls 3.5
4 Freedom to Trade Internationally 6.2
5Ai Ownership of banks 8
5Aii Foreign bank competition 0
5Aiii Private sector credit 9.9
5Aiv Interest rate controls/negative real interest rates 8
5A Credit Market Regulations 8.6
5Bi Minimum wage (DB) 7.8
5Bii Hiring and firing regulations (GCR) 5.6
5Biii Centralized collective bargaining (GCR) 5.3
5Biv Mandated cost of hiring (DB) 1.5
5Bv Mandated cost of worker dismissal (DB) 7.1
5Bvi Conscription 0
5B Labor Market Regulations 4.6
5Ci Price controls 6
5Cii Administrative requirements (GCR) 4.4
5Ciii Bureaucracy costs (GCR) 6.2
5Civ Starting a business (DB) 6.6
5Cv Extra payments/bribes (GCR) 3.4
5Cvi Licensing restrictions (DB) 5.4
5Cvii Cost of tax compliance (DB) 7
5C Business Regulations 5.6
5 Regulation of Credit, Labor, and Business 6.3
SUMMARY INDEX 6.28
Rank c 99
 

Mali Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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