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

International Monetary Fund

No 2021/265, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: TA mission; budget support; vaccination campaign; IMF SDR allocation; ECF program; procurement contract; ECF arrangement; COVID-19; Debt service; Debt sustainability analysis; Global; Middle East (search for similar items in EconPapers)
Pages: 138
Date: 2021-12-10
New Economics Papers: this item is included in nep-mac
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