Counting the Cost - Mali's golden economy
  • 11 years ago
It has been a tough year for Mali - from an ethnic Tuareg uprising, to a military coup and an Islamist insurgency that threatened to split the nation in half. But French and pan-African forces restored stability in time for the recent elections. Now, with voters set to go to the polls for a presidential run-off on August 11, Mali's $10.4bn economy could get a big boost from international donors, with $4bn of the promised aid dependent on peaceful elections. Mark Connelly, the chief executive of Papillon Resources in Australia, sheds more light on gold mining in Mali. Also, what does the result of Zimbabwe's recent election mean for the country's economy? Also on this episode: China has banned baby milk imports from New Zealand, leading to a rise in demand for products from other countries and, as Al Jazeera's Rob McBride reports, a flourishing trade in milk-smuggling from Hong Kong to the mainland. And finally, Barack Obama says he has a new plan aimed at furthering the recovery of the country's housing market. But what will the proposed series of reforms for borrowers and lenders mean for American home owners and how dependent is a housing recovery on an improvement in the job market?
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