The Gambia: Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

June 6, 2012

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Format: Chicago

The Gambia: Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2012) accessed November 27, 2024

Summary

This paper discusses the request from Gambian authorities for a three-year arrangement under the extended credit facility (ECF). The Gambian economy performed well during the previous IMF arrangement, which expired at the end of March 2011; however, there were slippages under the program. The authorities requested a new three-year ECF arrangement, with a large initial disbursement, but relatively low access overall. The initial disbursement would support stability during the current drought crisis, while remaining disbursements would encourage fiscal adjustment and catalyze donor support for the poverty reduction strategy.

Subject: Expenditure, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Amount equivalent to SDR, Committee meeting, CR, Debt indicator, Debt management capacity, Drought relief activity, Global, ISCR, Prudent fiscal policy, Real GDP, Relief activity, Staff appraisal, West Africa

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/129
Stock No:

1GMBEA2012002
ISBN:

9781475504026
ISSN:

1934-7685

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