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.

The Gambia and IMF Country Page

Back to Top

At a Glance

  • Current IMF membership: 189 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.
  • Quota (SDR): 62.2 Million
  • Outstanding Purchases and Loans (SDR): 28.12 Million (June 30, 2019)
  • Last Article IV Consultation: The 2018 Article IV consultation staff report was discussed by the Executive Board on March 22, 2018 (Country Report No. 18/99, April 4, 2018) 

Back to Top

Office Activities

More

Back to Top

IMF's Work on Gambia

More

Back to Top

Regional Economic Outlook

October 18, 2019

Growth in sub-Saharan Africa is projected to remain at 3.2 percent in 2019 and rise to 3.6 percent in 2020. The expected recovery, however, is at a slower pace than previously envisaged for about two-thirds of the countries in the region, partly due to a challenging external environment. Growth is projected to remain strong in non-resource-intensive countries, averaging about 6 percent. As a result, 24 countries, home to about 500 million people, will see their per capita income rise faster than the rest of the world. In contrast, growth is expected to move in slow gear in resource-intensive countries (2½ percent). Hence, 21 countries are projected to have per capita growth lower than the world average. Reducing risks and promoting sustained and inclusive growth across all countries in the region requires carefully calibrating the near-term policy mix, building resilience, and raising medium-term growth.


Read the Report

Back to Top

Departmental Papers on Africa

Africa Departmental Papers Cover 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.