The Gambia: Fourth Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria and Indicative Targets, and Financing Assurances Review; First Review Under the Resilience and Sustainability Facility Arrangement, and Request for Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

International Monetary Fund

No 2025/344, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses The Gambia’s Gambia—Fourth Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria and Indicative Targets, and Financing Assurances Review; First Review under the Resilience and Sustainability Facility (RSF) Arrangement, and Request for Rephasing of Access. The Gambia’s economic recovery continues, with growth estimated to reach 6 percent in 2025 and inflation returned to single digits. The Gambia has made good progress in implementing their economic reform program despite fiscal policy challenges. Key priorities include increasing domestic revenue and advancing with fiscal consolidation to safeguard debt sustainability while strengthening social and infrastructure spending. Progress on structural reforms is needed to strengthen governance, enhance the anticorruption framework, and improve the business environment to foster private sector development and job creation. Steadfast implementation of the climate change agenda under the RSF will bolster the economy’s resilience to natural disasters and support long-term macroeconomic and balance of payments stability.

Keywords: financing assurance; sustainability facility; resilience to shock; headline inflation; Rsf reform measures; Global; Africa (search for similar items in EconPapers)
Pages: 104
Date: 2025-12-23
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