Africa > Gambia, The

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International Monetary Fund
The Poverty Reduction Strategy Paper (PRSP) describes The Gambia’s macroeconomic, structural, and social policies in support of growth and poverty reduction, external financing needs, and major sources of financing. Since PRSP I had experienced some setbacks during its implementation, PRSP II has been formulated with revised strategies to achieve Vision 2020 and the Millennium Development Goals (MDGs) of reducing poverty globally. Based on a detailed analysis, the authorities provided some specific recommendations for the long-term sustainability of the program in terms of priorities and operational modalities.
International Monetary Fund
This Joint Staff Advisory Note discusses the Annual Progress report of The Gambia’s Poverty Reduction Strategy Paper. Macroeconomic performance has been strong, exemplified by robust growth and relatively low inflation. However, the current global economic slowdown is likely to adversely affect growth in The Gambia and widen the external current account deficit by slowing down tourism and remittances. In addition to the impact of the global economic slowdown, re-export trade appears to be contracting as the country’s regional comparative advantages deteriorate, and foreign direct investment is projected to level off after rising sharply.
International Monetary Fund
This Joint Staff Advisory Note reviews the first Annual Progress Report (APR) of The Gambia’s Poverty Reduction Strategy Paper (PRSP). The APR indicates that The Gambia’s progress in implementing the PRSP has been uneven. Slow implementation mainly reflected low capacity, a lack of commitment, and poor prioritization of policies implemented in 2002–03. Among the five basic components, the authorities made the most progress in increasing access to basic social services. By contrast, they did not achieve most macroeconomic targets for 2002 and 2003.