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
March 9, 2010
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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.
Subject: Central banks, Domestic debt, Expenditure, External debt, International reserves, Public debt, Public financial management (PFM)
Keywords: Africa, Board's decision, broad money, CR, ECF arrangement, Global, IMF Executive Board, International reserves, ISCR, monetary policy, overriding policy objective, repurchase of the share, T-bill yield, The Gambia to SDR
Pages:
90
Volume:
2010
DOI:
Issue:
061
Series:
Country Report No. 2010/061
Stock No:
1GMBEA2010001
ISBN:
9781451937817
ISSN:
1934-7685
