IMF Staff Country Reports

The Gambia: Selected Issues

Publication Date:

April 4, 2018

Electronic Access:

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Summary:

This Selected Issues paper assesses the macrofinancial linkages in The Gambia. Significant macrofinancial linkages persist in The Gambia, first and foremost between the public sector and the banks. Banks are highly exposed to the government through large holdings of short-term government debt, which is a legacy of the large financing needs of the previous administration. In addition, large claims have built up between government and state-owned enterprises (SOEs) on the one hand, and banks and the corporate sector including SOEs on the other. There has been persistent financial distress within the SOE cluster. Weak SOE performance has also led to arrears both to central government and within the SOE cluster.

Series:

Country Report No. 2018/100

Subject:

Banking Credit Financial markets Financial sector development Fiscal risks Fiscal stress tests Money Public debt Public financial management (PFM)