The Gambia: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion: Staff Report; and Press Release

August 21, 2009

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Format: Chicago

The Gambia: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion: Staff Report; and Press Release, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This paper discusses key findings of the Fifth Review under the Poverty Reduction and Growth Facility (PRGF) for The Gambia. The Gambia’s external debt position has worsened recently. The global economic crisis is undermining growth and the external balance. Performance on the PRGF-supported program has been generally satisfactory. All quantitative performance criteria for end-March 2009 were met, and the structural measures scheduled through March were implemented. IMF staff supports the authorities’ request for a waiver for the nonobservance of the performance criterion for making the credit reference bureau operational.

Subject: Balance of payments statistics, Banking, Central banks, Economic and financial statistics, Expenditure, International reserves, National accounts, Public debt

Keywords: Africa, Amount of SDR, Balance of payments statistics, Completion of the review, CR, Executive board's decision, Global, International reserves, ISCR, PRGF, PRGF arrangement, Project grant disbursement, SDR, West Africa

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/268
Stock No:

1GMBEA2009004
ISBN:

9781451815672
ISSN:

1934-7685

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