The Gambia: Second Review Under the Staff-Monitored Program - Press Release and Staff Report for The Gambia

June 28, 2018

Preview Citation

Format: Chicago

The Gambia: Second Review Under the Staff-Monitored Program - Press Release and Staff Report for The Gambia, (USA: International Monetary Fund, 2018) accessed December 22, 2024

Summary

This paper discusses The Gambia’s Second Review Under the Staff-Monitored Program (SMP). The program is broadly on track. All quantitative targets for end-December 2017 and end-March 2018 were met as were most of the structural benchmarks, with three of them needing to be re-phased and redefined. However, the continuous target on contracting new nonconcessional external debt was breached, owing to a US$25 million loan. The IMF staff supports the completion of the second review under the SMP. The IMF staff also encourages the authorities to ensure macroeconomic stability and step up the pace of structural reforms to strengthen economic governance and tackle the legacy of debilitating public debt to pave the way for a possible Extended Credit Facility arrangement.

Subject: Budget planning and preparation, Debt service, Debt sustainability analysis, External debt, Public debt, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, Burden indicator, CR, Debt, Debt management, Debt service, Debt stock, Debt sustainability analysis, Debt vulnerability, GDP, ISCR, Medium-term economic and fiscal framework, NAWEC debt, NDP financing strategy, Payment arrears, Private sector, Sub-Saharan Africa, Sustainability Framework

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/197
Stock No:

1GMBEA2018003
ISBN:

9781484364048
ISSN:

1934-7685

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