The Gambia: Sixth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

June 21, 2023

Preview Citation

Format: Chicago

The Gambia: Sixth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2023) accessed October 6, 2024

Summary

The multiple external shocks that hit the Gambian economy obstructed a rapid recovery in 2022. The implications of the war in Ukraine continue to exert pressures on inflation. These pressures are threatening socio-economic stability in the context of local elections, despite the absence of severe social tensions in recent months. This sixth program review is the last review under the current ECF arrangement. The authorities have requested a successor program with the Fund, which will draw on the authorities’ national development plan as well as on lessons learnt and outstanding challenges from this expiring program.

Subject: Debt service, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Anti-corruption bill, Debt service, ECF arrangement, Financing amendment bill, Gambia's Extended Credit Facility, Global, Market forces, Middle East, PPP bill, Procurement authority, West Africa

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/216
Stock No:

1GMBEA2023001
ISBN:

9798400244292
ISSN:

1934-7685

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