The Gambia: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Augmentation of Access, Waiver for Nonobservance of a Performance Criterion, Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
IMF Staff Country Reports, December 21, 2022
Source details
- Canonical URL
- The Gambia: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Augmentation of Access, Waiver for Nonobservance of a Performance Criterion, Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
Other formats
Bibliographic details
- Published: December 21, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400228148.002
Context and external shocks
- The repercussions of the war in Ukraine are threatening economic and social stability.
- Following a slight uptick in July-August, new COVID-19 cases have declined to almost nil recently while the vaccination rate remains low at around 22 percent of the population.
- The Gambia is suffering from more frequent climatic shocks, including a recent major flooding.
Political and institutional developments
- The country continues to advance social and justice reforms.
- Following a parliamentary election, President Barrow reshuffled the Cabinet in May 2022, without any expected change in the overall direction of economic policies.
Program focus and themes (IMF Staff Country Reports)
- The publication addresses the Fifth Review under the Extended Credit Facility (ECF) arrangement.
- Requests covered include augmentation of access, waiver for nonobservance of a performance criterion, modification of a performance criterion, and a Financing Assurances Review.
- Subject areas highlighted: Debt service, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Revenue administration.
- Keywords associated with the report: Debt service, ECF arrangement, forex shortage, Gambia tax management system, Global, inflation expectation, market forces, procurement authority, West Africa.
Key administrative metadata (as presented on the page)
- Publication date shown on the page: December 21, 2022.
- Series designation on the page: Country Report No. 2022/385.
- Page count shown on the page: 108.
International Monetary Fund. African Dept. — The Gambia: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Augmentation of Access, Waiver for Nonobservance of a Performance Criterion, Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
Content in this bundle
- 1gmbea2022002