IMF Staff Country Reports

The Gambia: First Review Under the Extended Credit Facility Arrangement, Request for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

Publication Date:

July 12, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Gambian authorities continue democratic and justice reforms. Economic recovery is strengthening while inflation is progressively decelerating albeit remaining high. The 2023 fiscal outturns reflected good revenue performance, but capital spending pressures weighed on the fiscal balance. Following the adoption of a new foreign exchange policy, the wedge between the official and parallel market exchange rates has largely closed. Structural reforms are advancing. The economic outlook is subject to large downside risks, particularly owing to global geopolitical tensions.

Series:

Country Report No. 2024/218

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Budget planning and preparation Crime Exchange rate policy External debt Foreign exchange Inflation Prices Public debt Public financial management (PFM) Revenue administration

Frequency:

regular