Occasional Papers

The Gambia: Economic Adjustment in a Small Open Economy

Author/Editor:

Eric Verreydt ; Michael T. Hadjimichael ; Thomas Rumbaugh

Publication Date:

September 15, 1992

Summary:

The Gambia, one of the least developed countries in Africa, has been pursuing corrective economic policies since 1985, aimed at restroing financial stability and laying the basis for strong and sustainable economic growth. Supported by IMF policy advice and financing. The Gambia's economic performance has improved considerably since 1985. This study discusses Gambian adjustment policies and their benefits.

Series:

Occasional Paper No. 1992/011

Subject:

Commercial banks Current spending Economic sectors Expenditure Financial institutions Foreign exchange Public enterprises Total expenditures

Notes:

Prepared by Michael T. Hadjimichael, Thomas Rumbaugh, and Eric Verreydt, with Philippe Beaugrand and Christopher Chirwa.