IMF Staff Country Reports

The Gambia : Sixth Review Under the Arrangement Under the Extended Credit Facility and Request for Extension and Augmentation of the Arrangement, and Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release; Statement by the Alternate Executive Director for The Gambia

Author/Editor:

International Monetary Fund

Publication Date:

March 9, 2010

Electronic Access:

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Summary:

This paper discusses key findings of the Sixth Review Under the Extended Credit Facility (ECF) for The Gambia. Recent performance under the ECF-supported program continued to be broadly satisfactory. All quantitative performance criteria for end-September 2009 were achieved, except for the fiscal target, and there was good progress on the structural agenda. IMF staff recommends approval of the authorities’ request for a waiver for the nonobservance of the fiscal performance criterion based on corrective actions, notably the government budget for 2010 approved by the National Assembly with a near-zero basic balance.

Series:

Country Report No. 10/61

Subject:

Announcements Banking sector Central bank autonomy Debt management Economic growth Economic indicators Extended arrangement requests Extended Credit Facility Fiscal policy Fund approval Monetary policy Performance criteria waivers Staff Reports Tax reforms