Search Results

You are looking at 1 - 10 of 124 items for :

  • "Gambian economy" x
Clear All
International Monetary Fund

under the ECF to The Gambia to an amount equivalent to SDR 22.55 million (about US$ 34.38 million). At the conclusion of the Executive Board’s discussion on The Gambia, Mr. Murilo Portugal, Deputy Managing Director and Acting Chair, stated: “The Gambian economy has continued to perform well under the Extended Credit Facility, with growth set to remain at about 5½ to 6 percent a year, while inflation is kept in check. The authorities have taken measures to correct the fiscal slippages of the first half of last year and adjust to a reduced resource envelope. “The

International Monetary Fund

helped maintain macroeconomic stability in the face of external shocks. Despite a deterioration in performance under the Extended Credit Facility arrangement since 2008, Fund engagement helped in anchoring the macroeconomic policy framework and signaling the donor community. A largely appropriate macroeconomic policy mix in turn helped the Gambian economy weather the food and fuel price shock in 2007-08 and the recent global financial crisis. Economic growth averaged close to 6 percent per year in 2005-09, and still recorded 5.6 percent in 2009 despite headwinds

Mr. Eric Verreydt, Mr. Michael T. Hadjimichael, and Mr. Thomas Rumbaugh

The growth potential of the Gambian economy has improved markedly since 1985/86 with the removal of distortions in the structure of relative prices, the strengthening in economic incentives, including the introduction of a market-determined exchange rate, and the rehabilitation of economic infrastructure. These policies have encouraged a diversification of the production base primarily toward services (such as regional trade and tourism) and to a lesser extent manufacturing, while broadening at the same time the base of agricultural output. Notwithstanding the

International Monetary Fund
The Gambian economy showed strong growth and low inflation during the global crisis under the Extended Credit Facility (ECF), despite a sharp drop in tourism and remittance receipts. Executive Directors appreciated the macroeconomic policy framework and stressed the importance of achieving the MDGs and targets on poverty-reducing expenditures. They encouraged strengthening of fiscal performance to anchor macroeconomic stability and reduce the debt burden. Directors strongly supported tax reform and welcomed budget procedures and their execution. Directors supported recent improvements in debt management and stressed the importance of debt sustainability.
International Monetary Fund
The Gambian economy performed well in the face of external shocks under the Extended Credit Facility. Executive Directors welcomed the 2011 budget, which focuses mainly on revenue enhancement, limiting government’s domestic borrowing, and reduction of poverty. They agreed that IMF engagement has helped in anchoring the macroeconomic policy framework, fiscal adjustment, and signaling the donor community. Directors noted the recommendations of the Ex Post Assessment update and agreed that IMF engagement with The Gambia had a positive impact and granted an extension of the current arrangement.
International Monetary Fund

-post assessment update concludes that Fund engagement in the past five years helped spur growth and maintain macroeconomic stability and would remain critical in the period ahead . 12 Despite a deterioration in performance under the ECF arrangement since 2008, Fund engagement has helped anchor the macroeconomic policy framework and provide a signal to the donor community. Notably, the Gambian economy successfully weathered the food and fuel price shock in 2007-08 and the recent global financial crisis. Economic growth averaged close to 6 percent per year in 2005-09. Monetary

International Monetary Fund

The Gambian economy performed well in the face of external shocks under the Extended Credit Facility. Executive Directors welcomed the 2011 budget, which focuses mainly on revenue enhancement, limiting government’s domestic borrowing, and reduction of poverty. They agreed that IMF engagement has helped in anchoring the macroeconomic policy framework, fiscal adjustment, and signaling the donor community. Directors noted the recommendations of the Ex Post Assessment update and agreed that IMF engagement with The Gambia had a positive impact and granted an extension of the current arrangement.