The Gambia: Selected Issues

April 4, 2018

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Format: Chicago

The Gambia: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 23, 2024

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.

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

Keywords: Bank, Bank debtor, Bank deposits-to-GDP ratio, Banking industry, Banking industry assets, CR, Credit, Financial sector development, Financial system, Fiscal risks, Fiscal stress tests, Gambia, Gambian bank, ISCR, Private sector, T-bill, T-bill market, West Africa

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/100
Stock No:

1GMBEA2018002
ISBN:

9781484350218
ISSN:

1934-7685

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