The Gambia : 2015 Article IV Consultation-Press release; Staff Report; and Statement by the Executive Director for the Gambia

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The Gambia : 2015 Article IV Consultation-Press release; Staff Report; and Statement by the Executive Director for the Gambia
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Volume/Issue:
2015/272
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 2015
DOI:
http://dx.doi.org/10.5089/9781513558912.002
ISBN:
9781513558912
ISSN:
1934-7685
Page:
76
This 2015 Article IV Consultation highlights that The Gambia has experienced large balance of payments and fiscal imbalances, caused by persistent policy slippages in recent years and financial difficulties in public enterprises. The IMF supported the authorities' efforts through a Rapid Credit Facility (RCF) disbursement in early April 2015 and a Staff-Monitored Program (SMP). However, major policy slippages have occurred since the RCF disbursement, pushing the SMP off track and worsening the outlook considerably. In light of the elevated level of public debt, the government should prioritize infrastructure investments that help address poverty and improve the business environment. The authorities are encouraged to continue their efforts to improve supervision capacity to enhance financial stability.
Article

The Gambia: Staff Report for the 2015 Article IV Consultation—Informational Annex

Author(s):
International Monetary Fund. African Dept.
Published Date:
September 2015
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