The Gambia

Abstract

Cover -- CONTENTS -- BACKGROUND -- RECENT ECONOMIC DEVELOPMENTS -- ECONOMIC OUTLOOK AND RIKS -- POLICY DISCUSSIONS -- A. Near-Term Agenda--Rebuilding Confidence -- B. Medium-Term Agenda--Addressing Risks and Enhancing Growth -- C. Other Surveillance Issues -- STAFF APPRAISAL -- BOXES -- 1. Main Recommendations of the 2013 Article IV Consultation -- 2. The Impact of Exchange Rate Directives -- 3. Exchange Rate Assessment -- 4. Possible Measures to Create Permanent Budget Saving -- FIGURES -- 1. Recent Economic Developments, 2009-15 -- 2. Indicators of Public Debt Under Staff's Proposed Baseline and Alternative Scenarios, 2015-35 -- 3. Indicators of Public and Publicly Guaranteed External Debt Under Staff's Proposed Baseline and Alternative Scenarios, 2015-35 -- 4. Rapid Credit Facility Baseline, Active Policy and Alternative Scenario -- TABLES -- 1. Selected Economic Indicators -- 2. Statement of Central Government Operations (In millions of local currency) -- 3. Statement of Central Government Operations (In percent of GDP) -- 4. Monetary Accounts (In millions of local currency) -- 5. Monetary Accounts (Percent change) -- 6. Balance of Payments (In millions of U.S. dollars) -- 7. Balance of Payments (In percent of GDP) -- 8. Quantitative Targets Under the Staff-Monitored Program -- 9. Structural Agenda, 2015 -- 10. Risk Assessment Matrix -- ANNEXES -- I. External Stability Assessment -- II. Growth Episodes in The Gambia's Policies to Boost Medium-Term Growth Prospects -- CONTENTS -- RELATIONS WITH THE FUND -- JOINT BANK-FUND WORK PROGRAM -- STATISTICAL ISSUES.