The Gambia: Sixth Review Under the Arrangement Under the Extended Credit Facility and Request for Extension and Augmentation of the Arrangement, and Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release; Statement by the Alternate Executive Director for The Gambia

International Monetary Fund

No 2010/061, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Sixth Review Under the Extended Credit Facility (ECF) for The Gambia. Recent performance under the ECF-supported program continued to be broadly satisfactory. All quantitative performance criteria for end-September 2009 were achieved, except for the fiscal target, and there was good progress on the structural agenda. IMF staff recommends approval of the authorities’ request for a waiver for the nonobservance of the fiscal performance criterion based on corrective actions, notably the government budget for 2010 approved by the National Assembly with a near-zero basic balance.

Keywords: ISCR; CR; ECF arrangement; IMF Executive Board; Board's decision; monetary policy; The Gambia to SDR; broad money; T-bill yield; repurchase of the share; overriding policy objective; International reserves; Global; Africa (search for similar items in EconPapers)
Pages: 90
Date: 2010-03-09
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