Mali is heavily dependent upon foreign aid and is a major recipient of both multilateral and bilateral aid.
Multilateral donors include the International Monetary Fund, World Bank, African Development Bank, Arab Funds, and European Union.[1] Bilateral donors include France, the United States, Canada, the Netherlands, the People's Republic of China, India, and Germany.
Foreign aid was estimated at US$596.4 million in 2001. In 2003 U.S. aid totaled US$44.2 million. As economic reforms progress, the government is hoping to move from budgetary and balance of payments assistance to social development aid. India extended an aid of $100 million in 2012 to set up power and other social infrastructure in the country.[2]