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The Gambia, Request for Disbursement Under the Rapid Credit Facility, and Proposal for a Staff-Monitored Program : Press Release ; Staff Report ; and Statement by the Executive Director for The Gambia.

Author: International Monetary Fund. African Department,
Publisher: Washington, D.C. : International Monetary Fund, 2017.
Series: IMF country report, no. 17/179.
Edition/Format:   eBook : Document : International government publication : English
Summary:
The Gambia is at a historical turning point, with the transition to a democratically elected government committed to the rule of law, freedom of speech and socio-economic development ending the 22-year reign of the autocratic regime of former President Jammeh. However, the new government has inherited a dire economic situation and the country is faced with an urgent balance of payments need and a precariously low  Read more...
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Additional Physical Format: Print Version:
Gambia: Request for Disbursement Under the Rapid Credit Facility, and Proposal for a Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for The Gambia.
Washington, D.C. : International Monetary Fund, 2017
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. African Department,
ISBN: 9781484306031 1484306031 148430599X 9781484305997
ISSN:1934-7685
OCLC Number: 1002728389
Description: 1 online resource (83 pages).
Series Title: IMF country report, no. 17/179.

Abstract:

The Gambia is at a historical turning point, with the transition to a democratically elected government committed to the rule of law, freedom of speech and socio-economic development ending the 22-year reign of the autocratic regime of former President Jammeh. However, the new government has inherited a dire economic situation and the country is faced with an urgent balance of payments need and a precariously low level of usable international reserves. The Gambia has been hit by a bad agricultural season, the political turmoil following the elections in December 2016 is expected to reduce tourism receipts in the first quarter of 2017 by about one third, and higher fuel and commodity prices put further strain on the balance of payments (BOP). The total BOP-impact of these shocks in 2017 is estimated at

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