The Gambia : First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement under the Extended Credit Facility.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/102

IMF Staff Country Reports

Language:

English

Subjects (All):

Banks and banking.

Debt.

Physical Description:

1 online resource (144 pages).

Other Title:

Gambia

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

This paper presents The Gambia’s First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement Under the Extended Credit Facility (ECF). The IMF-supported program aims to help The Gambia to be better prepared for external shocks, pursue high and inclusive growth, lessen debt vulnerabilities, strengthen public financial management, and bolster domestic revenue mobilization. The ECF arrangement is essential to help the authorities deal with the challenges posed by the coronavirus disease 2019 pandemic. The Gambian authorities’ commitment to prudent policies and institutional improvements has supported robust economic growth, while voluntary debt service deferrals from their main external creditors have helped attain debt sustainability. The authorities should remain committed to fiscal consolidation in the medium-term to ensure debt sustainability. The vulnerabilities identified in the 2019 Financial Sector Stability Assessment should be addressed to ensure soundness of the financial sector and improve legal and supervisory framework for banking supervision. The authorities should leverage the financial inclusion strategy, including through mobile banking, while strengthening the oversight of nonbanking institutions and monitoring of risks involved in mobile banking.

Contents:

Front Matter

The Gambia: First Review of the Staff-Monitored Program and Request for a 39-month Arrangement Under the Extended Credit Facility

The Gambia: First Review of the Staff-Monitored Program and Request for a Thirty-Nine-Month Arrangement Under the Extended Credit Facility-Debt Sustainability Analysis

The Gambia: First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement Under the Extended Credit Facility-Supplementary Information, Supplementary Letter of Intent, and Revised Technical Memorandum of Understanding

IMF Executive Board Approves US47.1 million Extended Credit Facility (ECF) Arrangement for The Gambia

Statement by the Staff Representative on the Gambia March 23, 2020

Statement by Mr. Dumisani Hebert Mahlinza, Executive Director and Mr. Bernard Wleh Jappah, Advisor to the Executive Director, on The Gambia March 23, 2020.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513540375

1513540378