IMF Staff Country Reports

The Gambia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

March 10, 2009

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The Gambia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper presents key findings of the Fourth Review for the Gambia under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The Gambia remains at high risk of debt distress. Overall performance under the PRGF-supported program has been satisfactory, but downside risks to achieving program objectives have increased. IMF staff supports the authorities’ requests for a waiver for nonobservance of the fiscal basic balance performance criterion, augmentation of access, and modification of quantitative performance criteria for end-March 2009.

Subject: External debt, Fiscal policy, Fiscal stance, Foreign exchange, International reserves, Monetary base, Money, Public debt

Keywords: Africa, Balance of payments financing gap, CR, Exchange rate, Fiscal stance, GDP, Global, ISCR, Monetary base, Monetary policy stance, PRGF arrangement, PRGF loan, PRGF-supported program, Real GDP, West Africa

Publication Details

  • Pages:

    82

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/092

  • Stock No:

    1GMBEA2009003

  • ISBN:

    9781451815665

  • ISSN:

    1934-7685

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