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A fisherman during the sunset at Tanji Beach in Gambia

A fisherman during the sunset at Tanji Beach in Gambia. iStockphoto.

The Gambia Resident Representative Site

Resident Representative Office in The Gambia

November 1, 2009

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between The Gambia and the IMF. Additional information can be found on The Gambia and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with The Gambia.

News and Highlights

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NewsLIC

A Newsletter of the IMF on Low-income countries; November 2012 click for more

Private Sector Gains Ground in Africa

The growing role of the private sector in Africa has been credited by the head of the IMF's African Department for sustaining foreign investment during the recent global slump. In an interview, Antoinette Sayeh says Africa has demonstrated a new openness. click for more

Stronger Policies Helped Africa Through Global Crisis

Stronger monetary and budget policies, together with structural reforms in many countries, helped Africa come through the global financial crisis better than in the past, IMF First Deputy Managing Director John Lipsky said. click for more

IMF Builds Statistical Capacity in Africa

The IMF is helping 22 sub-Saharan African countries improve the quality, coverage, and dissemination of key statistics. click for more

The Gambia and The IMF

Press Release: IMF Staff Completes 2015 Article IV Mission to The Gambia

June 22, 2015

The Gambia: Request for Disbursement Under the Rapid Credit Facility, cancellation of the Extended Credit Facility and proposal for a Staff-Monitored Program-Staff Report; Press Release; and Statement by the Executive Director for The Gambia

April 22, 2015
Series: Country Report No. 15/104 click for more

Press Release: IMF Executive Board Approves US$10.8 Million Disbursement Under the Rapid Credit Facility for The Gambia

April 2, 2015

The Gambia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 04, 2015

March 4, 2015
PDF File Size: 527Kb click for more

Press Release: IMF Staff Concludes Mission to The Gambia

January 14, 2015

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Regional Economic Outlook for Sub-Saharan Africa

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Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more



Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.



IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.