Mali underwent economic reform, beginning in 1988 by signing agreements with the World Bank and the International Monetary Fund. During 1988 to 1996, Mali's government largely reformed public enterprises. Since the agreement, sixteen enterprises were privatized, 12 partially privatized, and 20 liquidated. In 2005, the Malian government conceded a railroad company to the Savage Corporation. Two major companies, Societé de Telecommunications du Mali (SOTELMA) and the Cotton Ginning Company (CMDT), were expected to be privatized in 2008. COUNT 5
QSN1 In what year did Mali start economic changes? ANS1 1988 QSN2 Mali signed agreements with what to parties that began their economic changes? ANS2 World Bank and the International Monetary Fund QSN3 In what years did Mali restructure public enterprises? ANS3 1988 to 1996 QSN4 How many enterprises have been made completely private since the agreement? ANS4 sixteen enterprises QSN5 How many companies were completely liquidated? ANS5 20