The Gambia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion, Augmentation of Access, 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
March 10, 2009
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This paper presents key findings of the Fourth Review for the Gambia under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The Gambia remains at high risk of debt distress. Overall performance under the PRGF-supported program has been satisfactory, but downside risks to achieving program objectives have increased. IMF staff supports the authorities’ requests for a waiver for nonobservance of the fiscal basic balance performance criterion, augmentation of access, and modification of quantitative performance criteria for end-March 2009.
Subject: External debt, Fiscal policy, Fiscal stance, Foreign exchange, International reserves, Monetary base, Money, Public debt
Keywords: Africa, balance of payments financing gap, CR, exchange rate, Fiscal stance, GDP, Global, ISCR, Monetary base, monetary policy stance, PRGF arrangement, PRGF loan, PRGF-supported program, real GDP, West Africa
Pages:
82
Volume:
2009
DOI:
Issue:
092
Series:
Country Report No. 2009/092
Stock No:
1GMBEA2009003
ISBN:
9781451815665
ISSN:
1934-7685
