The Gambia: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Nonobservance of Performance Criterion: Staff Report; and Press Release

International Monetary Fund

No 2009/268, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Fifth Review under the Poverty Reduction and Growth Facility (PRGF) for The Gambia. The Gambia’s external debt position has worsened recently. The global economic crisis is undermining growth and the external balance. Performance on the PRGF-supported program has been generally satisfactory. All quantitative performance criteria for end-March 2009 were met, and the structural measures scheduled through March were implemented. IMF staff supports the authorities’ request for a waiver for the nonobservance of the performance criterion for making the credit reference bureau operational.

Keywords: ISCR; CR; PRGF arrangement; SDR; PRGF; executive board's decision; amount of SDR; completion of the review; project grant disbursement; Balance of payments statistics; International reserves; Global; West Africa; Africa (search for similar items in EconPapers)
Pages: 61
Date: 2009-08-21
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