The paper presents the Annual Progress report on The Gambia’s Poverty Reduction Strategy Paper. This has enabled the government to substantially reduce the stock of domestic arrears that have been due to contractors, consultants, and suppliers and at the same time liquidate all loans owed to the Parastatals. The dalasi has been appreciated by 32 percent in the later part of the third quarter of 2007, which helped to reduce dalasi payments against debt service obligations and other international payment obligations.
This paper discusses Poverty Reduction Strategy Paper (PRSP) 2007–11 for The Gambia. PRSP II builds on the long-term development Vision 2020 of The Gambia. It also takes cognizance of the fact that implementation of PRSP I suffered from revenue shortfalls as the IMF suspended its program with the Gambia. Consequently, PRSP II attempts to include interventions that were planned for PRSP I. PRSP II contains interventions and actions that have been well synchronized to ensure complimentarily, and the institutional and operational structures will also be streamlined to avoid duplication.