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The Gambia: Recent Economic Developments

International Monetary Fund

No 1995/123, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in The Gambia during 1990–95. Economic activity slowed down in 1993/94 and contracted by at least 4 percent in real terms in 1994/95. With the drop in re-export trade and the disruption of the tourist season, domestic government revenues declined by more than 4 percent of GDP during 1993/94–1994/95; foreign grants fell by an additional 2 percent of GDP, owing to the suspension of balance-of-payments assistance following the military coup.

Keywords: ISCR; CR; CFA franc; exchange rate; re-export trade; central bank; structural adjustment; broad money; banking system; Imports; Budget planning and preparation; Public enterprises; West Africa (search for similar items in EconPapers)
Pages: 75
Date: 1995-12-19
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