The Malian government is working with the World Bank to develop an innovative and sustainable financing mechanism for the housing sector. On October 2, 2026, the Minister of Urbanism, Housing, Domains, Territorial Planning, and Population, Imirane Abdoulaye Touré, met with a joint mission from the World Bank and the International Finance Corporation (IFC), led by Maimouna Gueye. This collaboration aims to address the challenges of housing financing in Mali.
The proposed financing mechanism is structured around two main axes. The first axis involves the securitization of assets from the Malian Housing Office (OMH) to mobilize new financial resources. The second axis focuses on strengthening the Malian Housing Guarantee Fund (FGHM) to secure and develop mortgage credit. The World Bank and IFC have confirmed their technical support to make this roadmap a reality.
The ultimate goal of this partnership is to facilitate access to decent housing for all Malians. The current financing mechanisms for housing in Mali face significant challenges, making it difficult for citizens to access affordable housing. The government's policy aims to improve living conditions and manage the country's rapid urbanization.
The Malian Housing Office (OMH) plays a crucial role in the country's housing sector. The office is responsible for managing and developing housing projects. However, it faces significant financial constraints that limit its ability to deliver decent housing to Malians. The securitization of OMH assets is expected to provide a much-needed boost to the office's financial capacity.
The Malian Housing Guarantee Fund (FGHM) is another critical component of the country's housing financing system. The fund provides guarantees to banks and other financial institutions to encourage them to offer mortgage loans to citizens. Strengthening the FGHM will help increase access to mortgage credit and make housing more affordable.
The World Bank and IFC's technical support is critical to the success of this initiative. Their expertise will help the Malian government design and implement an effective financing mechanism for the housing sector. This collaboration is expected to have a positive impact on the lives of Malians by improving access to decent housing.
The innovative financing mechanism for Mali's housing sector is part of a broader strategy to address the country's urbanization challenges. The government aims to manage rapid urbanization and improve living conditions for its citizens. This initiative is expected to contribute to the achievement of these goals and make a positive impact on the lives of Malians.
Key points
- The Malian government and the World Bank are working together to develop an innovative financing mechanism for the housing sector.
- The proposed mechanism involves the securitization of assets from the Malian Housing Office and the strengthening of the Malian Housing Guarantee Fund.
- The ultimate goal of this partnership is to facilitate access to decent housing for all Malians.
