The Gambia: First Review Under the Extended Credit Facility, Request for Nonobservance of Performance Criterion, and Request for Rephasing of Reviews

May 28, 2013

Preview Citation

Format: Chicago

The Gambia: First Review Under the Extended Credit Facility, Request for Nonobservance of Performance Criterion, and Request for Rephasing of Reviews, (USA: International Monetary Fund, 2013) accessed September 26, 2024

Summary

The Gambian economy is still recovering from the severe drought and crop failure. Depreciation pressure on the Dalasi has largely been driven by weaknesses in the balance of payments and uncertainty about exchange rate policy. Executive Directors have urged the government to curb domestic borrowing and to sustain the fiscal adjustment needed to reduce the high cost and risks of domestic debt. They have also commended the progress achieved toward eliminating fiscal dominance and encourage implementing a restrained monetary policy.

Subject: Central banks, Debt sustainability analysis, Expenditure, External debt, International reserves, Public debt

Keywords: Broad money, CR, Debt service, Debt sustainability analysis, Global, Interest cost, International reserves, ISCR, Medium term expenditure framework, Payment arrears, Policy adjustment, Present value, Real GDP, Resident Representative, SDR

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/139
Stock No:

1GMBEA2013001
ISBN:

9781484327494
ISSN:

1934-7685

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