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The Gambia

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  • International Monetary Fund. African Dept.
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    Abstract

    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.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40575
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/139.

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    Length: 88
    Date of creation: 28 May 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/139

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    Keywords: Extended Credit Facility; Fiscal policy; Fiscal reforms; Tax reforms; Monetary policy; Bank supervision; Economic indicators; Debt sustainability analysis; Staff Reports; Press releases; Performance criteria waivers; Gambia; The; external debt; central bank; domestic borrowing; balance of payments; domestic debt; debt sustainability; public debt; external payments arrears; external payments; external debt service; current account; budget projections; external borrowing; domestic public debt; debt service obligations; repayments; external debt indicators; debt management; debt service payments; external public debt; government debt; debt burden; debt service projections; current account balance; debt sustainability analysis; reserve assets; repurchases; treasury bills; external financing; external loans; domestic currency; external debt sustainability; official creditor; debt service projection; debt data; nonconcessional debt; debt sustainability analyses; debt situation; debt stock; bilateral creditors; amortization payments; debt contract; domestic debt stock; stock of debt; balance of payment; sovereign debt; public sector borrowing; imf repurchases; reserve accumulation;

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