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.
At a Glance
- Current membership: 188 countries
- The Gambia joined the Fund in September 21, 1967. The Gambia accepted the obligations under Article VIII, Sections 2(a), 3, and 4, of the Fund’s Articles of Agreements on January 21, 1993. It maintains an exchange system that is free of restrictions on the making of payments and transfers for current international transactions.
- Total Quotas: SDR 31.10 Million (As of July 31, 2008)
- Loans outstanding: PRGF Arrangements SDR 6.00 Million
- Last Article IV Consultation: The 2015 Article IV consultation staff report was discussed by the Executive Board on September 18, 2015 (Country Report No. 15/272, September 28, 2015)
A Newsletter of the IMF on Low-income countries; November 2012
November 7, 2012
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.
March 4, 2010
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.
February 18, 2010
The IMF is helping 22 sub-Saharan African countries improve the quality, coverage, and dissemination of key statistics.
August 11, 2009
IMF's Work on Gambia
September 14, 2016
Author/Editor: Montfort Mlachila ; Ahmat Jidoud ; Monique Newiak ; Bozena Radzewicz-Bak ; Misa Takebe
Series: African Departmental Paper No.16/5
August 24, 2016
Author/Editor: Tetsuya Konuki ; Mauricio Villafuerte
July 8, 2016
Author/Editor: Robert Dippelsman ; Venkat Josyula ; Eric Métreau
Series: Working Paper No. 16/133
June 13, 2016
Author/Editor: Christine Dieterich ; Anni Huang ; Alun H. Thomas
Series: Working Paper No. 16/118
June 8, 2016
Author/Editor: Dalia S Hakura ; Mumtaz Hussain ; Monique Newiak ; Vimal Thakoor ; Fan Yang
Series: Working Paper No. 16/111
Regional Economic Outlook
Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, the aggregate picture is one of multispeed growth: while most of non-resource-intensive countries—half of the countries in the region—continue to perform well, as they benefit from lower oil prices, an improved business environment, and continued strong infrastructure investment, most commodity exporters are under severe economic strains. This is particularly the case for oil exporters whose near-term prospects have worsened significantly in recent months. Sub-Saharan Africa remains a region of immense economic potential, but policy adjustment in the hardest-hit countries needs to be enacted promptly to allow for a growth rebound.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
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.