Front Matter

Front Matter

Eric Verreydt, Michael Hadjimichael, and Thomas Rumbaugh
Published Date:
September 1992
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    © 1992 International Monetary Fund

    Cataloging-in-Publication Data

    Hadjimichael, Michael T.

    The Gambia : economic adjustment in a small open economy / Michael T. Hadjimichael, Thomas Rumbaugh and Eric Verreydt with Philippe Beaugrand and Christopher Chirwa. — Washington, DC : International Monetary Fund, 1992.

    p. cm. — (Occasional paper, 0251-6365 ; 100)

    Includes bibliographical references.

    ISBN 1-55775-230-3

    1. Structural adjustment (Economic policy) — Gambia. I. Rumbaugh, Thomas. II. Verreydt, Eric. III. Title. IV. Series : Occasional paper (International Monetary Fund) ; no. 100.

    HC1070 .H23 1992

    Price: US$15.00 (US$12.00 to full-time faculty members and students at universities and colleges)

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    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1991–92 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • /; between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    This paper is based on the staff report and the background paper prepared in connection with the consultations between the Fund and The Gambia in 1992 and includes information available through May 1992. The authors are indebted to Anupam Basu, Christian Brachet, Evangelos Calamitsis, Jean Clément, Christian Francois, and Susan Schadler for their valuable comments and suggestions. They also would like to thank Janet Bungay for editorial advice, Yvette Conell and Abdul Mahar for secretarial assistance, and Juanita Roushdy of the External Relations Department for editing and coordinating the paper for publication. The authors bear sole responsibility for any factual errors.

    The opinions expressed in the paper are those of the authors and should not be construed as those of the Government of The Gambia, Executive Directors of the IMF, or other members of the IMF staff.

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