Signing of a $148.5 million financing settlement between the US and Mali

Embassy of the United States in Mali

Press release

No.: 05- FR Bamako, Mali, October 4, 2022

On September 19, Mali’s Minister of Foreign Affairs and International Cooperation, Abdoulaye Diop, and the Director of the United States Agency for International Development (USAID) in Mali, Miriam Lutz, signed an amendment to the development assistance agreement between the United States and Mali, representing new financing of $148.5 million (101 billion FCFA.)

This support from the American people in Mali, through USAID, is just a part of our overall assistance. It will cover funding for new and ongoing activities in the areas of health, governance, agriculture and basic education. This amount is in addition to the more than $250 million (or CFA 170 billion) that the United States provided to Mali through USAID last year, including $90 million (or CFA 61 billion) in vital humanitarian aid for the Malians who need it most.

The amendment includes $17 million (FCFA 11.5 billion) in previously announced emergency aid in the agriculture and nutrition sector for communities in Mali to cope with rising food prices; an outbreak caused by Russia’s war in Ukraine. This new financing will allow 300,000 farming families to directly benefit from fertilizers and improved seeds, in order to strengthen the country’s capacity to be able to feed its population without relying on expensive imports. Part of this help is already visible on the ground with the distribution by USAID of 1.2 million bags of 500 g of fortified flour to more than five thousand pregnant and lactating women and 30,000 small children. This support will make it possible to combat acute malnutrition during the lean season in some of the most affected areas in central Mali.

The signing of this development assistance agreement represents the United States’ unwavering commitment to a more peaceful and prosperous Mali that drives its own development. According to the Acting Chargé d’Affaires of the US Embassy, ​​Brian Neubert, “Since 1961, we have worked alongside the people of Mali to build a better future. This new funding reflects the continued strength of our ties.” Over the last twenty years, the United States has provided nearly $3.5 billion (2.4 trillion FCFA) in humanitarian and development assistance at current exchange rates to the Malian people across the country.

For more information please contact:
Embassy Press Office / ACI 2000 Rue 243 Porte 297 / Bamako, Mali
Tel: 20 70 24 24 /20 70 24 26 / Fax: 20 70 24 79 / Email: PASBamako@state.gov
Internet site: https://ml.usembassy.gov/

* $1 = FCFA 680 (as of September 26, 2022)

Leave a Comment