IMF Staff Country Reports

The Gambia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

September 7, 2007

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The Gambia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2007) accessed September 20, 2024

Summary

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF). Overall performance under the program has been strong. All but one of the quantitative performance criteria and indicative targets were met. Fiscal performance has been impressive, reflecting higher-than-projected revenues and strengthened expenditure control. However, two structural performance criteria were not observed. The medium-term macroeconomic framework underlying the program has been modified slightly. Maintaining fiscal discipline remains key to lowering domestic public debt and protecting poverty-reducing expenditures.

Subject: Arrears, Balance of payments statistics, Economic and financial statistics, Expenditure, External debt, Foreign exchange, Monetary base, Money

Keywords: Amended LOI, Arrears, Arrears to the World Bank, Balance of payments statistics, CR, Fund staff, ISCR, Letter of intent, Monetary base, Original letter of intent, Payments arrears, West Africa

Publication Details

  • Pages:

    70

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/306

  • Stock No:

    1GMBEA2007003

  • ISBN:

    9781451815566

  • ISSN:

    1934-7685

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