The Gambia: Staff Report for the 2011 Article IV Consultation

IMF Staff Country Reports, January 30, 2012

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The Gambia: Staff Report for the 2011 Article IV Consultation

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Bibliographic details

• Published: January 30, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781463935108.002

Overview

• This 2011 Article IV Consultation highlights that the Gambian economy has performed well in recent years, despite a difficult global environment.
• The external current account deficit has widened in recent years, owing to weak tourism receipts and remittances and high global commodity prices.
• Executive Directors commended the authorities for making progress in poverty reduction and achieving strong growth and low inflation despite a difficult global environment.
• Directors welcomed the improved fiscal performance and supported the government’s plans for additional fiscal consolidation in the period ahead.

Key findings and macroeconomic outcomes

• Economic performance: The Gambian economy "has performed well in recent years" (phrase preserved from source).
• External position: The external current account deficit "has widened in recent years" due to:
  • Weak tourism receipts.
  • Weak remittances.
  • High global commodity prices.
• Fiscal and social outcomes:
  • Progress in poverty reduction was noted by Executive Directors.
  • Strong growth and low inflation were achieved despite a difficult global environment.
  • Fiscal performance improved, with government plans for additional fiscal consolidation supported by Directors.

Policy recommendations and official positions

• Directors supported the government's plans for additional fiscal consolidation in the period ahead.
• Executive Directors commended the authorities for progress on poverty reduction and macroeconomic performance.

Subject classification and keywords

• Subject: Balance of payments statistics, Budget planning and preparation, Expenditure, External debt, Public debt, Public financial management (PFM), Revenue administration
• Keywords: Africa, Bank and Fund staff, Budget planning and preparation, CR, exchange rate, financing strategy, Global, GMD 1, government's development strategy, ISCR, poverty index, staff appraisal, West Africa

Content in this bundle

• The Gambia: 2011 Article IV Consultation; IMF Country Report 12/17; December 27, 2011
  • The Gambia: 2011 Article IV Consultation; IMF Country Report 12/17; December 27, 2011 (Markdown version)
  • The Gambia: 2011 Article IV Consultation; IMF Country Report 12/17; December 27, 2011 (PDF)