The Gambia: Recent Economic Developments

December 19, 1995

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The Gambia: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed September 19, 2024

Summary

This paper reviews economic developments in The Gambia during 1990–95. Economic activity slowed down in 1993/94 and contracted by at least 4 percent in real terms in 1994/95. With the drop in re-export trade and the disruption of the tourist season, domestic government revenues declined by more than 4 percent of GDP during 1993/94–1994/95; foreign grants fell by an additional 2 percent of GDP, owing to the suspension of balance-of-payments assistance following the military coup.

Subject: Budget planning and preparation, Commercial banks, Economic sectors, External debt, Foreign exchange, Imports, International trade, Public enterprises, Public financial management (PFM)

Keywords: Banking system, Broad money, Budget planning and preparation, Central bank, CFA franc, CR, Exchange rate, Imports, ISCR, Public enterprises, Re-export trade, Structural adjustment, West Africa

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/123
Stock No:

1GMBEA0011995
ISBN:

9781451815375
ISSN:

1934-7685

Notes

This report on recent economic developments in The Gambia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of The Gambia, or the Executive Board of the IMF.

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