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International Monetary Fund. African Dept.
The repercussions of the war in Ukraine are threatening economic and social stability. Following a slight uptick in July-August, new COVID-19 cases have declined to almost nil recently while the vaccination rate remains low at around 22 percent of the population. The Gambia is also suffering from more frequent climatic shocks, including a recent major flooding. The country continues to advance social and justice reforms. Following a parliamentary election, President Barrow reshuffled the Cabinet in May 2022, without any expected change in the overall direction of economic policies.
International Monetary Fund. African Dept.
The Gambia is consolidating its democratic change by successfully organizing peaceful and transparent elections. President Barrow was reelected for a second five-year term in December 2021; his party and its alliance hold half of the parliamentary seats following an election in April 2022. A fourth wave of the COVID-19 pandemic hit the country in late 2021-early 2022. New infection cases have dropped to almost nil recently. The vaccination rate currently stands at about 20 percent of the adult population. The Gambia is already facing significant repercussions of the war in Ukraine.
International Monetary Fund. African Dept.

Extended Credit Facility EU European Union FSSR Financial Sector Stability Review FX Foreign Exchange GAMTAXNET Gambia Tax Management System GBoS The Gambia Bureau of Statistics GDP Gross Domestic Product GIABA The Inter-Governmental Action Group against Money Laundering in West Africa GIEPA Gambia Investment and Export Promotion Agency GMD The Gambian dalasi GNPC The Gambia National Petroleum Corporation GPPA The Gambia Public Procurement Authority GRA The Gambia Revenue

International Monetary Fund. African Dept.

Development Bank BoP Balance of Payments BRP Banjul Rehabilitation Project CBG Central Bank of The Gambia CPI Consumer Price Index DSA Debt Sustainability Analysis ECF Extended Credit Facility EU European Union FSSR Financial Sector Stability Review FX Foreign Exchange GAMTAXNET Gambia Tax Management System GBoS The Gambia Bureau of Statistics GDP Gross Domestic Product GIABA The Inter-Governmental Action Group against Money Laundering in West Africa GIEPA Gambia