The Gambia: 2002 Article IV Consultation, Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Use of HIPC Interim Assistance-Staff Report; Staff Statement; Public Information Notice, News Brief, and Press Release on the Executive Board Discussion

February 23, 2004

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The Gambia: 2002 Article IV Consultation, Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Use of HIPC Interim Assistance-Staff Report; Staff Statement; Public Information Notice, News Brief, and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2004) accessed November 22, 2024

Summary

The Gambia showed good economic performance under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended the reforms in the financial sector, the substantial reduction and rationalization of external tariffs, and the settlement of the property dispute with Alimenta, and stressed the need for a tightened monetary policy stance. They welcomed the new PRGF program, which aims at improving fiscal discipline, ensuring good governance, implementing structural and financial reforms, and reducing poverty. They approved for The Gambia a three-year Arrangement under the PRGF, and use of interim assistance.

Subject: Banking, Budget planning and preparation, Economic sectors, Expenditure, Poverty, Poverty reduction strategy, Public enterprises, Public financial management (PFM)

Keywords: Board decision, Budget planning and preparation, CR, Disbursement of SDR, Final decision of the IMF Executive Board, Fund tax mission, Gambia's Poverty Reduction and Strategy Paper, ISCR, Poverty reduction strategy, PRGF arrangement, Public enterprises, West Africa

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/042
Stock No:

1GMBEA0012004
ISBN:

9781451815429
ISSN:

1934-7685

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