Economy & Politics

Mali: CANAM presents satisfactory financial results

Mahamane Baby, Director General of the National Health Insurance Fund (CANAM) of Mali

Meeting on October 1, 2020 in Bamako, the Board of Directors of the National Health Insurance Fund (CANAM) of Mali presented the financial statement of the structure.

According to the chairman of the board, Moussa Alassane Diallo, the budget for the 2019 financial year amounted to 65.24 billion FCFA (approximately 116.5 million USD). Based on this forecast, he said, CANAM was able to mobilize 66.2 billion CFA francs in revenue, ie an achievement rate of around 101%. “As of December 31, 2019, the total amount of contributions collected amounted to 60.49 billion CFA francs out of a forecast of 59.095 billion, or an achievement rate of around 102%,” he added.

In turn, the director general of the institution, Mahamane Baby, specified that as of December 31, 2019, CANAM’s total balance sheet amounted to 85.032 billion F CFA (approximately 152.5 million USD) against 80.066 billion at December 31, 2018, an increase of 5.83%. “So active cash represents CFAF 256.922 billion, or 30.50% of balance sheet assets,” he said.

Legally created in June 2009 and set up in 2010, CANAM is a public administrative establishment whose mission is to manage the compulsory health insurance scheme established in Mali since 2009.

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