The Gambia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

International Monetary Fund

No 2007/116, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the Request from Gambia for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The Gambian authorities are requesting a three-year PRGF arrangement to support their economic reform program and to help them make progress toward the HIPC completion point. The program aims to consolidate recently achieved macroeconomic stabilization while addressing the formidable challenges faced by the country, including debt distress, vulnerability to exogenous shocks, and widespread poverty.

Keywords: ISCR; CR; government; priority government expenditure; SDR; Gambia; development agenda; PRGF-supported program; PRGF arrangement; The Gambia in an amount equivalent to SDR; incentives regime; debt relief; Balance of payments statistics; West Africa; Sub-Saharan Africa; Global; Africa (search for similar items in EconPapers)
Pages: 75
Date: 2007-03-22
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