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International Monetary Fund

available on the CBG website. Consistency In general, the monetary statistics are consistent within the dataset. However, the data are not always reconcilable with other datasets. For example, there has been no reconciliation of monetary data with fiscal data. Revision policy and practice There is no predetermined, well-established revision cycle for the monetary accounts, but occasionally revisions are explained in quarterly bulletins and the annual report. Data accessibility The statistical tables published in the CBG website, which present the information of the CBG

International Monetary Fund

Quarterly Bulletins and the Annual Report from the previous years, and, in the meantime, the CBG website has become an important source of data as monetary statistics are now being updated on a regular basis.

International Monetary Fund

government access to statistics is not publicly acknowledged prior to their release. 1.2.3 Products of statistical agencies/units are clearly identified as such. Monetary statistics are clearly identified in the CBG’s publications posted on the CBG website (quarterly bulletins and annual reports, etc.) and the hard copy reports are distributed to the public. The reports contain the names of the departments and individuals responsible for the publication and, in cases where statistics are reproduced in other documents or newspapers, the CBG is generally identified

International Monetary Fund
This Report on the Observance of Standards and Codes (ROSC)—Data Module provides an assessment of The Gambia’s macroeconomic statistics against the recommendations of the General Data Dissemination System, complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework, July 2003. The assessment reveals that the legal framework for statistical activity in The Gambia is broadly adequate. Further legislative effort is under way to promote greater autonomy or authority of some statistical agencies.
International Monetary Fund
Mr. Subramanian S Sriram

, savings, and time deposits at the commercial banks (held by the public). Deposits include both dalasi and foreign-currency denominated. 14 These press releases are available on the CBG website ( www.cbg.gm ). 15 The literature on direct currency substitution refers to the portfolio shifts between domestic and foreign money, which is influenced by the expected change in the exchange rate. The indirect currency substitution literature suggests that the foreign interest rate is a focus variable, especially if foreign securities are a relevant investment

Mr. Subramanian S Sriram
This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data quality contribute to the instability. The authorities may need to apply the monetary targeting regime flexibly in the overall objective of preserving price stability. A possible option for The Gambia is to become an inflation targeter lite.
International Monetary Fund. African Dept.

the balance sheet and governance of the CBG to support effective use of its policy instruments . We are committed to meeting the requirements of the IMF’s Safeguards Assessment Policy, including implementing the recommendations of the assessment update. In line with the previous IMF safeguards recommendations, the CBG completed an audit of its 2018 financial statements, which was jointly carried out by an international firm and a domestic audit firm. The results of the audit were published on the CBG website. We will continue to use the joint audit arrangement for

International Monetary Fund. African Dept.
Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability strengthened, structural and legislative reforms advanced, and key social indicators improved. However, the COVID-19 pandemic halted some of the hard-won progress, stagnating economic activity and re-igniting extreme poverty. The Gambia experienced a third wave of the pandemic in mid-2021, which has receded recently. The COVID-19 vaccination rate currently stands at about 12 percent of the adult population. Presidential and parliamentary elections are planned for December 2021 and April 2022, respectively.
International Monetary Fund. African Dept.

and reduce the roll-over risk. A quarterly debt bulletin is regularly issued, and monthly bond issuances are published regularly on the MOFEA and the CBG websites. Monetary and Exchange Rate Policies Strengthen the central bank’s independence and operational effectiveness, including strengthening liquidity management and forecasting and setting up overnight settlement facilities. The CBG has transitioned to inflation targeting lite, established its own bills for monetary policy purposes, and holds quarterly monetary policy meetings. It is following up on