The International Monetary Fund (IMF) has approved the immediate disbursement of $129 million to Mali under the Rapid Credit Facility. This funding will help the Sahelian country effectively address the aftermath of the 2024 floods.

The country led by General Tiani is set to receive significant financial support to cope with the severe impact of the devastating floods that struck in September and October 2024, which claimed at least 75 lives and affected over 250,000 people.

On Wednesday, April 16, the IMF announced the immediate disbursement of $129 million—equivalent to nearly 74 billion CFA francs—to support Mali’s recovery and reconstruction efforts.

According to a statement from the financial institution, the assistance comes with an 11-month staff-monitored program. This support aims to help the country address the consequences of recurring natural disasters and mitigate the impact of the severe 2024 floods.

In addition to this natural disaster, Mali continues to face a persistent security crisis and financial restrictions. The IMF noted that the allocated funds will also help cover urgent balance of payments needs, particularly by financing imports of essential goods and infrastructure.