du Mali, or EDM, and textiles are generated by Industry Textile du Mali, or ITEMA. Mali has made efficient use of hydroelectricity, consisting of over half of Mali's electrical power. In 2002, 700 GWh of hydroelectric power were produced in Mali.
The Malian government participates in foreign involvement, concerning commerce and privatization. Mali underwent economic reform, beginning in 1988 by signing agreements with the World Bank and the International Monetary Fund. During 1988 to 1996, Mali's government largely reformed public enterprises. Since the agreement, sixteen enterprises were privatized, twelve partially privatized, and twenty liquidated. In 2005, the Malian government conceded a railroad company to the Savage Corporation. Two major companies, Societé de Telecommunications du Mali (SOTELMA) and the Cotton Ginning Company (CMDT), were expected to be privatized in 2008.
Mali is a member of the Organization for the Harmonization of Business Law in Africa (OHADA)
