{
  "title": "The Gambia: 2023 Article IV Consultation and Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for The Gambia",
  "publication": "IMF Staff Country Reports, January 18, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/01/18/the-gambia-2023-article-iv-consultation-and-request-for-an-arrangement-under-the-extended-543899",
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  "summary": "This paper presents the 2023 Article IV consultation and Request for an Arrangement under the Extended Credit Facility (ECF) with The Gambia.",
  "sections": [
    {
      "heading": "Program objectives and overall assessment",
      "content": "- Presents the 2023 Article IV consultation and Request for an Arrangement under the Extended Credit Facility (ECF) with The Gambia.\n- The ECF-supported program aims to:\n  - strengthen economic recovery,\n  - tackle inflation,\n  - address foreign exchange pressures,\n  - reduce debt vulnerabilities,\n  - advance structural reforms,\n  - foster strong and inclusive growth."
    },
    {
      "heading": "Article IV consultation focus areas and analytical themes",
      "content": "- The Article IV policy consultation focused on:\n  - drivers of inflation,\n  - macroeconomic implications of the gender gap,\n  - climate-related risks and policies,\n  - debt sustainability,\n  - external stability."
    },
    {
      "heading": "Key findings, vulnerabilities, and policy recommendations",
      "content": "- Findings and vulnerabilities:\n  - Lingering vulnerabilities remain, including the upcoming expiration of debt service deferrals.\n  - Foreign exchange pressures and debt vulnerabilities are highlighted as priorities.\n- Policy recommendations and priorities:\n  - Build fiscal and external buffers in view of lingering vulnerabilities.\n  - Persevere in the ambitious structural reform agenda, including:\n    - enhancing governance,\n    - improving the business environment to support private sector-led growth and poverty reduction.\n  - Adopt strong climate-related policies.\n  - Tackle gender inequality to support more resilient and inclusive growth."
    },
    {
      "heading": "Thematic subjects and keywords (as listed)",
      "content": "- Subject:\n  - Budget planning and preparation,\n  - External debt,\n  - Foreign exchange,\n  - International organization,\n  - Monetary policy,\n  - Public debt,\n  - Public financial management (PFM),\n  - Revenue administration\n- Keywords:\n  - Africa,\n  - arrangement Extended Credit Facility,\n  - article IV policy consultation,\n  - Budget planning and preparation,\n  - ECF arrangement,\n  - foreign exchange pressure,\n  - Global,\n  - IIP source data,\n  - liability positions vis-à-vis nonresident,\n  - Middle East,\n  - reform agenda,\n  - TA mission,\n  - West Africa"
    },
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      "content": "- Publication date: January 18, 2024\n- Pages: 129\n- Volume: 2024\n- Issue: 015\n- Series: Country Report No. 2024/015\n- DOI: https://doi.org/10.5089/9798400262883.002\n- Stock No: 1GMBEA2024001\n- ISBN: 9798400262883\n- ISSN: 1934-7685\n\nSource: The Gambia: 2023 Article IV Consultation and Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for The Gambia\n\n---\n\n Content in this bundle\n\n- 1gmbea2024001\n  - 1gmbea2024001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1gmbea2024001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 18, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400262883.002",
    "Presents the 2023 Article IV consultation and Request for an Arrangement under the Extended Credit Facility (ECF) with The Gambia.",
    "The ECF-supported program aims to:",
    "The Article IV policy consultation focused on:",
    "Findings and vulnerabilities:",
    "Policy recommendations and priorities:",
    "Subject:",
    "Keywords:",
    "Publication date: January 18, 2024",
    "Pages: 129",
    "Volume: 2024",
    "Issue: 015",
    "Series: Country Report No. 2024/015",
    "DOI: https://doi.org/10.5089/9798400262883.002",
    "Stock No: 1GMBEA2024001",
    "ISBN: 9798400262883",
    "ISSN: 1934-7685",
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