The Gambia: Article IV Consultation, Third Review Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

• Author(s): International Monetary Fund. African Dept.,
• Publisher: International Monetary Fund
• Pages: 137
• ISBN_10: 1616356766
  ISBN_13: 9781616356767
  
• Language: en
• Categories: Business & Economics / Budgeting , Business & Economics / Exports & Imports , Business & Economics / Money & Monetary Policy , Business & Economics / Public Finance , Business & Economics / Statistics , Business & Economics / International / Economics & Trade , Health & Fitness / Diseases & Conditions / Contagious (incl. Pandemics) ,

Description:... 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.