The Gambia: Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia
December 10, 2021
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Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability strengthened, structural and legislative reforms advanced, and key social indicators improved. However, the COVID-19 pandemic halted some of the hard-won progress, stagnating economic activity and re-igniting extreme poverty. The Gambia experienced a third wave of the pandemic in mid-2021, which has receded recently. The COVID-19 vaccination rate currently stands at about 12 percent of the adult population. Presidential and parliamentary elections are planned for December 2021 and April 2022, respectively.
Subject: COVID-19, Debt service, Debt sustainability analysis, External debt, Health, International organization, Monetary policy, Public debt
Keywords: budget support, COVID-19, Debt service, Debt sustainability analysis, ECF arrangement, ECF program, Global, IMF SDR allocation, Middle East, procurement contract, TA mission, vaccination campaign
Pages:
138
Volume:
2021
DOI:
Issue:
265
Series:
Country Report No. 2021/265
Stock No:
1GMBEA2021003
ISBN:
9781616356767
ISSN:
1934-7685
