{
  "title": "The Gambia: Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note",
  "publication": "IMF Staff Country Reports, March 2, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/the-gambia-poverty-reduction-strategy-paper-annual-progress-report-joint-staff-advisory-note-22749",
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  "summary": "This Joint Staff Advisory Note discusses the Annual Progress report of The Gambia’s Poverty Reduction Strategy Paper. Macroeconomic performance has been strong, exemplified by robust growth and relatively low inflation.",
  "publishDate": "2009-03-02",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Major Findings: Macroeconomic Performance and External Risks",
      "content": "- Macroeconomic performance has been strong, exemplified by robust growth and relatively low inflation.\n- The current global economic slowdown is likely to adversely affect growth in The Gambia and widen the external current account deficit by slowing down tourism and remittances.\n- Re-export trade appears to be contracting as the country’s regional comparative advantages deteriorate.\n- Foreign direct investment is projected to level off after rising sharply."
    },
    {
      "heading": "Projections and Risk Channels",
      "content": "- External shock channel: Global economic slowdown → slower tourism and remittances → adverse effect on growth and wider external current account deficit.\n- Trade channel: Deterioration of regional comparative advantages → contraction in re-export trade.\n- Investment channel: Foreign direct investment projected to level off after a sharp rise (no numerical projection provided in source)."
    },
    {
      "heading": "Subject Areas and Keywords (as listed in the source)",
      "content": "- Subject: Agricultural commodities, Agricultural sector, Civil service reform, Economic growth, Economic recession, Economic sectors, Expenditure, Labor, Public sector\n- Keywords: Agricultural sector, Civil service reform, CR, Economic recession, Global, governance, government, government policy, groundnut sector reform roadmap, IFMIS Sustainability Plan, ISCR, policy, PRSP expenditure, PRSP policy, PRSP target outcome, Public sector, refining PRSP performance indicator, reform\n\nInternational Monetary Fund. The Gambia: Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note (IMF Staff Country Reports 2009, 076).\n\n---\n\n Content in this bundle\n\n- cr0976 - Section 1\n  - cr0976 - Section 1 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0976 - Section 1 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/the-gambia-poverty-reduction-strategy-paper-annual-progress-report-joint-staff-advisory-note-22749"
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    "Published: March 2, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451815658.002",
    "Macroeconomic performance has been strong, exemplified by robust growth and relatively low inflation.",
    "The current global economic slowdown is likely to adversely affect growth in The Gambia and widen the external current account deficit by slowing down tourism and remittances.",
    "Re-export trade appears to be contracting as the country’s regional comparative advantages deteriorate.",
    "Foreign direct investment is projected to level off after rising sharply.",
    "External shock channel: Global economic slowdown → slower tourism and remittances → adverse effect on growth and wider external current account deficit.",
    "Trade channel: Deterioration of regional comparative advantages → contraction in re-export trade.",
    "Investment channel: Foreign direct investment projected to level off after a sharp rise (no numerical projection provided in source).",
    "Subject: Agricultural commodities, Agricultural sector, Civil service reform, Economic growth, Economic recession, Economic sectors, Expenditure, Labor, Public sector",
    "Keywords: Agricultural sector, Civil service reform, CR, Economic recession, Global, governance, government, government policy, groundnut sector reform roadmap, IFMIS Sustainability Plan, ISCR, policy, PRSP expenditure, PRSP policy, PRSP target outcome, Public sector, refining PRSP performance indicator, reform",
    "**_cr0976 - Section 1**"
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