The Gambia: Third Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria, and Financing Assurances Review, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
IMF Staff Country Reports, June 26, 2025
Source details
- Canonical URL
- The Gambia: Third Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria, and Financing Assurances Review, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
Other formats
Bibliographic details
- Published: June 26, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229015844.002
Summary / Key Findings
- The paper presents The Gambia’s Third Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria, and Financing Assurances Review, and Request for an Arrangement Under the Resilience and Sustainability Facility (RSF).
- Despite substantial downside risks, The Gambia’s economic outlook remains positive.
- Growth is expected to reach 5.7 percent in 2025.
- Inflation is expected to return to single digits.
- The Gambia has made good progress in implementing their economic reform program despite fiscal policy challenges.
- Key priorities include increasing domestic revenue and advancing with fiscal consolidation to safeguard debt sustainability while strengthening social spending.
- At the authorities’ request, IMF staff proposes an 18-month arrangement under the RSF with access of 75 percent of quota to support ongoing efforts to strengthen long-term balance-of-payments and macroeconomic stability.
Macroeconomic Outlook
- Growth projection: 5.7 percent in 2025.
- Inflation expectation: returning to single digits.
- Downside risks: described as substantial (no numerical quantification provided in source).
Fiscal and Debt Policy Recommendations
- Increase domestic revenue.
- Advance fiscal consolidation to safeguard debt sustainability.
- Strengthen social spending while pursuing consolidation.
IMF Program Proposal
- Proposed instrument: Resilience and Sustainability Facility (RSF).
- Proposed duration: 18-month arrangement.
- Proposed access: 75 percent of quota.
- Purpose: support ongoing efforts to strengthen long-term balance-of-payments and macroeconomic stability.
Subjects and Keywords
- Subject: Climate change, Debt sustainability analysis, Environment, External debt, Public debt, Revenue administration
- Keywords: climate agenda, Climate change, climate resilience, Debt sustainability analysis, Global, procurement authority, revenue collection, RSF arrangement, RSF Arrangement, Sustainability Facility arrangement, West Africa
Source: The Gambia: Third Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria, and Financing Assurances Review, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for The Gambia (June 26, 2025).
Content in this bundle
- 1gmbea2025002-print-pdf