IMF Staff Country Reports

The Gambia: Sixth Review Under the Arrangement Under the Extended Credit Facility and Request for Extension and Augmentation of the Arrangement, and Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release; Statement by the Alternate Executive Director for The Gambia

March 9, 2010

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The Gambia: Sixth Review Under the Arrangement Under the Extended Credit Facility and Request for Extension and Augmentation of the Arrangement, and Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release; Statement by the Alternate Executive Director for The Gambia, (USA: International Monetary Fund, 2010) accessed November 25, 2024

Summary

This paper discusses key findings of the Sixth Review Under the Extended Credit Facility (ECF) for The Gambia. Recent performance under the ECF-supported program continued to be broadly satisfactory. All quantitative performance criteria for end-September 2009 were achieved, except for the fiscal target, and there was good progress on the structural agenda. IMF staff recommends approval of the authorities’ request for a waiver for the nonobservance of the fiscal performance criterion based on corrective actions, notably the government budget for 2010 approved by the National Assembly with a near-zero basic balance.

Subject: Central banks, Domestic debt, Expenditure, External debt, International reserves, Public debt, Public financial management (PFM)

Keywords: Africa, Board's decision, Broad money, CR, ECF arrangement, Global, IMF Executive Board, International reserves, ISCR, Monetary policy, Overriding policy objective, Repurchase of the share, T-bill yield, The Gambia to SDR

Publication Details

  • Pages:

    90

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/061

  • Stock No:

    1GMBEA2010001

  • ISBN:

    9781451937817

  • ISSN:

    1934-7685

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