Conflict-hit Mali's economy returns to strong growth: IMF

[WorldNews]

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Mali's economy posted growth of 7.2 percent in 2014, the International Monetary Fund said Friday, in an encouraging sign of recovery from the chaos of a coup and Islamist takeover. Christian Josz, the IMF's mission chief in Mali, told reporters in the capital Bamako that the figure compared with weak 1.7 percent growth in 2013 and stagnation in 2012. In December last year the IMF lifted a block on aid to Mali, frozen for six months after the impoverished west African nation lavished $40 million on a presidential plane. The IMF announced the resumption of disbursements under its $46 million credit for Mali, set in December 2013 to help the country as it emerged from a security and political crisis.

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