Housing Finance in Mali


This profile is also available in French here.

To download a pdf full version of the 2021 Mali country profile, click here.

Mali covers an area of 1 241 238km2 and has an estimated 20 920 568 inhabitants in 2021. Its population is growing annually by 2.97%. Mali is undergoing rapid urbanisation with an urbanisation rate of 4.75% and a population growth rate of 2.97% in 2020.2 This rapid urbanisation continues to create an imbalance between the supply of, and demand for housing, which has led to the growth of slums with many households building their own homes.

Gross Domestic Product (GDP) growth was projected at 4.9% in 2020 and has reduced by 0.9% in 2021, with Mali’s economic growth rate projected at 4% in 2021. Average annual inflation is up from -3% in 2019 to +1.5% in 2021. COVID-19, combined with the coup in August 2020, has turned the economy from a strong 5.1% real GDP growth in 2019 to a recession in 2020. In May 2021, less than a year after the first coup, a second coup sent Mali into political and economic instability. The average annual exchange rate fell from CFA574.71 to the US dollar on 1 July 2020 to CFA553.23 to the US dollar a year later.

The Central Bank of West African States (BCEAO) has taken measures to contain the impact of COVID-19 by increasing the banks’ liquidity and protecting their cash flow. In December 2020, the cumulative amount of maturities deferred by credit institutions in the West African Economic and Monetary Union (WAEMU), is estimated at CFA 380.4 billion (US$687.8 million), and CFA769.4 billion (US$1.4 billion) for outstanding loans.

The Triennial Investment Programme (PTI) has enabled the construction of 5 928 social housing units out of the 12 566 units planned in 2018, over the 2019/21 period.6 The PTI for the 2020/22 period has provided a budget of CFA32 billion (US$57.8 million) for the construction of 50 000 social housing units.

Find out more information on the housing finance sector of Mali, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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