The Gambia: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

International Monetary Fund

No 2009/092, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Fourth Review for the Gambia under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The Gambia remains at high risk of debt distress. Overall performance under the PRGF-supported program has been satisfactory, but downside risks to achieving program objectives have increased. IMF staff supports the authorities’ requests for a waiver for nonobservance of the fiscal basic balance performance criterion, augmentation of access, and modification of quantitative performance criteria for end-March 2009.

Keywords: ISCR; CR; PRGF arrangement; GDP; real GDP; exchange rate; PRGF loan; PRGF-supported program; balance of payments financing gap; monetary policy stance; Monetary base; Fiscal stance; Global; West Africa; Africa (search for similar items in EconPapers)
Pages: 82
Date: 2009-03-10
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