The Gambia : First Review Under the Extended Credit Facility, Request for Nonobservance of Performance Criterion, and Request for Rephasing of Reviews

Publication Date: May 28, 2013
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Summary: The Gambian economy is still recovering from the severe drought and crop failure. Depreciation pressure on the Dalasi has largely been driven by weaknesses in the balance of payments and uncertainty about exchange rate policy. Executive Directors have urged the government to curb domestic borrowing and to sustain the fiscal adjustment needed to reduce the high cost and risks of domestic debt. They have also commended the progress achieved toward eliminating fiscal dominance and encourage implementing a restrained monetary policy.
Series: Country Report No. 13/139
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal reforms | Tax reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Performance criteria waivers | Gambia, The

Publication Date: May 28, 2013
ISBN/ISSN: 9781484327494/1934-7685 Format: Paper
Stock No: 1GMBEA2013001 Pages: 88
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