Mali is heavily dependent on 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. Bilateral donors include France, the United States, Denmark, Canada, the Netherlands, the People's Republic of China, 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.
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