The Gambia: Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

December 10, 2021

Preview Citation

Format: Chicago

The Gambia: Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability strengthened, structural and legislative reforms advanced, and key social indicators improved. However, the COVID-19 pandemic halted some of the hard-won progress, stagnating economic activity and re-igniting extreme poverty. The Gambia experienced a third wave of the pandemic in mid-2021, which has receded recently. The COVID-19 vaccination rate currently stands at about 12 percent of the adult population. Presidential and parliamentary elections are planned for December 2021 and April 2022, respectively.

Subject: COVID-19, Debt service, Debt sustainability analysis, External debt, Health, International organization, Monetary policy, Public debt

Keywords: Budget support, COVID-19, Debt service, Debt sustainability analysis, ECF arrangement, ECF program, Global, IMF SDR allocation, Middle East, Procurement contract, TA mission, Vaccination campaign

Publication Details

Pages:

138
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/265
Stock No:

1GMBEA2021003
ISBN:

9781616356767
ISSN:

1934-7685

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