The Gambia: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

January 10, 2006

Preview Citation

Format: Chicago

The Gambia: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Summary

This 2005 Article IV Consultation highlights that The Gambia’s economic performance since the mid-1980s has been uneven owing to exogenous shocks, macroeconomic and structural policy slippage, poor governance, and weak institutions. The economic performance has been constrained by policy distortions and by recurrent weaknesses in fiscal policy. Expansionary policies have increased the government’s recourse to domestic bank financing, which, in turn, has raised real interest. Macroeconomic performance has strengthened over the past 18 months particularly through end-2004, in response to strong financial policies.

Subject: Expenditure, External debt, Foreign exchange, Public debt, Public financial management (PFM)

Keywords: Authority, CR, GDP deflator, Global, Investment climate, ISCR, Management guideline, Monetary policy Committee of the Central Bank, PRGF arrangement, Report, Staff appraisal, Sub-Saharan Africa, West Africa

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/008
Stock No:

1GMBEA2006001
ISBN:

9781451815467
ISSN:

1934-7685

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