Mali Financial Sector Assessment Program Housing Finance. [electronic resource] :
- Washington, D.C. : The World Bank, 2015.
- 1 online resource (1 p.)
- Financial Sector Assessment Program .
- Financial Sector Assessment Program World Bank e-Library. .
The housing finance market in Mali remains small and under developed. Few banks currently offer a full mortgage product with Banque Malienne de Solidarite, Mali Housing Bank (BHM), Bank of Africa, and EcoBank being the main lenders although at minimal levels. The total annual housing need in Mali based on the household formation rate amounts to 82,500, split between 51,100 urban units and 31,400 rural units. Overall some social housing is constructed and support is provided by the state for low income housing through the Office Malienne de l'Habitat (OMH), but the numbers remain small. The Malien authorities have been working to strengthen financial sector stability which includes measures to stabilize the BHM and put it in a position where it begins to fulfill its mandate of providing credit for the housing sector. A strategy was approved by the council of Minister for a strategic disengagement by the state from the share capital of BHM. Initially the agreed plan was for BHM to be privatized. Overall progress in delivery of affordable housing will require a concerted effort among all stakeholders both in public and private sector. This should be supported through establishment of stakeholder coordination group to oversee change across the housing value chain.
10.1596/24266
Access to Finance
Affordability
Affordable Housing
Agricultural Finance
Capital
Collateral
Commercial Banks
Consumer Education
Consumer Protection
Cooperatives
Corruption
Equity
Family
Finance and Financial Sector Development
Financial and Private Sector Development
Financial Development
Financial Institutions
Financial Services
Home Ownership
Housing Finance
Income Tax
Interest Rates
International Financial Standards and Systems
Loans
Microfinance Institutions
Monetary Policy
Moral Hazard
Mortgages
Privatization
Profitability
Property Rights
Remittances
Risk Management
Savings
Technical Assistance
Urban Areas
Women
The housing finance market in Mali remains small and under developed. Few banks currently offer a full mortgage product with Banque Malienne de Solidarite, Mali Housing Bank (BHM), Bank of Africa, and EcoBank being the main lenders although at minimal levels. The total annual housing need in Mali based on the household formation rate amounts to 82,500, split between 51,100 urban units and 31,400 rural units. Overall some social housing is constructed and support is provided by the state for low income housing through the Office Malienne de l'Habitat (OMH), but the numbers remain small. The Malien authorities have been working to strengthen financial sector stability which includes measures to stabilize the BHM and put it in a position where it begins to fulfill its mandate of providing credit for the housing sector. A strategy was approved by the council of Minister for a strategic disengagement by the state from the share capital of BHM. Initially the agreed plan was for BHM to be privatized. Overall progress in delivery of affordable housing will require a concerted effort among all stakeholders both in public and private sector. This should be supported through establishment of stakeholder coordination group to oversee change across the housing value chain.
10.1596/24266
Access to Finance
Affordability
Affordable Housing
Agricultural Finance
Capital
Collateral
Commercial Banks
Consumer Education
Consumer Protection
Cooperatives
Corruption
Equity
Family
Finance and Financial Sector Development
Financial and Private Sector Development
Financial Development
Financial Institutions
Financial Services
Home Ownership
Housing Finance
Income Tax
Interest Rates
International Financial Standards and Systems
Loans
Microfinance Institutions
Monetary Policy
Moral Hazard
Mortgages
Privatization
Profitability
Property Rights
Remittances
Risk Management
Savings
Technical Assistance
Urban Areas
Women