This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between The Gambia and the IMF. Additional information can be found on The Gambia and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with The Gambia.

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At a Glance

  • Current membership: 188 countries
  • The Gambia joined the Fund in September 21, 1967. The Gambia accepted the obligations under Article VIII, Sections 2(a), 3, and 4, of the Fund’s Articles of Agreements on January 21, 1993. It maintains an exchange system that is free of restrictions on the making of payments and transfers for current international transactions.
  • Total Quotas: SDR 31.10 Million (As of July 31, 2008)
  • Loans outstanding: PRGF Arrangements SDR 6.00 Million
  • Last Article IV Consultation: The 2015 Article IV consultation staff report was discussed by the Executive Board on September 18, 2015 (Country Report No. 15/272, September 28, 2015) 

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Office Activities

  • NewsLIC

    A Newsletter of the IMF on Low-income countries; November 2012

    November 7, 2012

  • Private Sector Gains Ground in Africa

    The growing role of the private sector in Africa has been credited by the head of the IMF's African Department for sustaining foreign investment during the recent global slump. In an interview, Antoinette Sayeh says Africa has demonstrated a new openness.

    March 4, 2010

  • Stronger Policies Helped Africa Through Global Crisis

    Stronger monetary and budget policies, together with structural reforms in many countries, helped Africa come through the global financial crisis better than in the past, IMF First Deputy Managing Director John Lipsky said.

    February 18, 2010

  • IMF Builds Statistical Capacity in Africa

    The IMF is helping 22 sub-Saharan African countries improve the quality, coverage, and dissemination of key statistics.

    August 11, 2009

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IMF's Work on Gambia


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Regional Economic Outlook

Sub-Saharan Africa

April 2016

After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.

Read the report

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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IMF Opens Africa Training Institute in Mauritius

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.