Economy Of Mali
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Economy Of Mali
The economy of Mali is based to a large extent upon agriculture, with a mostly rural population engaged in subsistence agriculture. Mali is among the ten poorest nations of the world, is one of the 37 Heavily Indebted Poor Countries, and is a major recipient of foreign aid from many sources, including multilateral organizations (most significantly the World Bank, the African Development Bank, and Arab Funds), and bilateral programs funded by the European Union, France, the United States, Canada, the Netherlands, and Germany. Before 1991, the former Soviet Union, China and the Warsaw Pact countries had been a major source of economic and military aid. The per capita gross domestic product (GDP) of Mali was $820 in 1999. Mali's great potential wealth lies in mining and the production of agricultural commodities, livestock, and fish. The most productive agricultural area lies along the banks of the Niger River, the Inner Niger Delta and the southwestern region around Sikasso. Macr ...
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Pirogue
A pirogue ( or ), also called a piragua or piraga, is any of various small boats, particularly dugouts and native canoes. The word is French and is derived from Spanish , which comes from the Carib '. Description The term 'pirogue' does not refer to a specific kind of boat, but is a generic term for small native boats in regions once colonized by France and Spain, particularly dugouts made from a single log. In French West Africa, the term refers to handcrafted banana-shaped boats used by traditional fishermen. In Madagascar, it also includes the more elaborate Austronesian ''lakana'' outrigger canoe. Pirogues are usually propelled by paddles that have one blade (as opposed to a kayak paddle, which has two). It can also be punted with a push pole in shallow water. Small sails are built by local fishermen, and they can also be employed. There are two types of sails with differences in their shapes: the square one is used mainly for fishing near the coast and is only useful ...
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Subsistence Agriculture
Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings. Subsistence agriculturalists target farm output for survival and for mostly local requirements, with little or no surplus. Planting decisions occur principally with an eye toward what the family will need during the coming year, and only secondarily toward market prices. Tony Waters, a professor of sociology, defines "subsistence peasants" as "people who grow what they eat, build their own houses, and live without regularly making purchases in the marketplace." Despite the self-sufficiency in subsistence farming, most subsistence farmers also participate in trade to some degree. Although their amount of trade as measured in cash is less than that of consumers in countries with modern complex markets, they use these markets mainly to obtain goods, not to generate income for food; these goods are typically not necessary for survival and may include sugar ...
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Mali Ag Map 2001 USDA
Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Mali is the eighth-largest country in Africa, with an area of over . The population of Mali is  million. 67% of its population was estimated to be under the age of 25 in 2017. Its capital and largest city is Bamako. The sovereign state of Mali consists of eight regions and its borders on the north reach deep into the middle of the Sahara Desert. The country's southern part is in the Sudanian savanna, where the majority of inhabitants live, and both the Niger and Senegal rivers pass through. The country's economy centres on agriculture and mining. One of Mali's most prominent natural resources is gold, and the country is the third largest producer of gold on the African continent. It also exports salt. Present-day Mali was once part of th ...
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Sikasso
Sikasso ( Bambara: ߛߌߞߊߛߏ tr. Sikaso) is a city in the south of Mali and the capital of the Sikasso Cercle and the Sikasso Region. It is Mali's second largest city with 225,753 residents in the 2009 census. History Sikasso was founded at the beginning of the nineteenth century by Mansa Douala. The town was a small village until 1876 when Tieba Traoré, whose mother came from Sikasso, became King of the Kénédougou Empire and moved its capital there. He established his palace on the sacred Mamelon hill (now home to a water tower) and constructed a ''tata'' or fortifying wall to defend against the attacks of both the Malinke conqueror Samori Ture and the French colonial army. The city withstood a long siege from 1887 to 1888 but fell to the French in 1898. Rather than surrender to the colonial army, Tieba's brother Babemba Traoré, who had succeeded him as king, committed suicide, honoring the famous Bamanankan saying "Saya ka fisa ni maloya ye" (literally: death i ...
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Inner Niger Delta
The Inner Niger Delta, also known as the Macina or Masina, is the inland delta of the Niger River. It is an area of fluvial wetlands, lakes and floodplains in the semi-arid Sahel area of central Mali, just south of the Sahara desert. Location and description The delta consists of the middle course of the Niger River, between the bifurcated Niger and its tributary the Bani, which from here run north towards the desert. The Niger is the longest river in West Africa. Towns such as the river-port of Mopti, Sévaré and Djenné, with its mud-brick Great Mosque lie in the 400 km-long region. The Fulani and Dogon inhabit the Macina region and the surrounding area, which has a population of over 500,000. Most of the year the area has a hot and dry climate, with hot winds from the nearby Sahara raising the temperature up to 40°C. During the wet season, which lasts from June to September but lasts longer the further south one goes, the swamp floods into a lake and naturally irrig ...
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Niger River
The Niger River ( ; ) is the main river of West Africa, extending about . Its drainage basin is in area. Its source is in the Guinea Highlands in south-eastern Guinea near the Sierra Leone border. It runs in a crescent shape through Mali, Niger, on the border with Benin and then through Nigeria, discharging through a massive delta, known as the Niger Delta (or the Oil Rivers), into the Gulf of Guinea in the Atlantic Ocean. The Niger is the third-longest river in Africa, exceeded by the Nile and the Congo River. Its main tributary is the Benue River. Etymology The Niger has different names in the different languages of the region: * Fula: ''Maayo Jaaliba'' * Manding: ''Jeliba'' or ''Joliba'' "great river" * Tuareg: ''Egerew n-Igerewen'' "river of rivers" * Songhay: ''Isa'' "the river" * Zarma: ''Isa Beeri'' "great river" * Hausa: ''Kwara'' *Nupe: ''Èdù'' * Yoruba: ''Ọya'' "named after the Yoruba goddess Ọya, who is believed to embody the ri ...
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Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ...
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Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
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Warsaw Pact
The Warsaw Pact (WP) or Treaty of Warsaw, formally the Treaty of Friendship, Cooperation and Mutual Assistance, was a collective defense treaty signed in Warsaw, Poland, between the Soviet Union and seven other Eastern Bloc socialist republics of Central and Eastern Europe in May 1955, during the Cold War. The term "Warsaw Pact" commonly refers to both the treaty itself and its resultant defensive alliance, the Warsaw Treaty Organization (WTO). The Warsaw Pact was the military complement to the Council for Mutual Economic Assistance (Comecon), the regional economic organization for the socialist states of Central and Eastern Europe. The Warsaw Pact was created in reaction to the integration of West Germany into the North Atlantic Treaty Organization (NATO)"In reaction to West Germany's NATO accession, the Soviet Union and its Eastern European client states formed the Warsaw Pact in 1955." Citation from: in 1955 as per the London and Paris Conferences of 1954.The Warsaw Pact R ...
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Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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African Development Bank
The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of t ...
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