I Introduction
Author:
Mr. Eric Verreydt
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Mr. Michael T. Hadjimichael
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Mr. Thomas Rumbaugh
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Abstract

The Gambia is a very small country located on the west coast of Africa, surrounded on three sides by Senegal, extending inland at widths varying from 24 to 48 kilometers along the banks of the River Gambia, with a total area of 10,700 square kilometers. With a population of about 890,000, which is rising at a rate of 3.4 percent a year, The Gambia has one of the highest population densities in the world (estimated at 207 inhabitants per square kilometer of agricultural land in 1991). It has also a fairly undeveloped human capital base, with an illiteracy rate of 75 percent and a primary school enrollment rate of 56 percent (in 1987).

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Economic Adjustment in a Small Open Economy
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