European Parliament Library

The Gambia :, Selected Issues and Statistical Appendix

This Selected Issues paper and Statistical Appendix for The Gambia underlies that the exchange rate is broadly in line with fundamentals, although data weaknesses and uncertainties prevent a definitive assessment. The Gambia’s current account deficit is higher than economic fundamentals would predict, and a depreciation of 11 percent would be needed to restore sustainability. The external sustainability approach suggests that 4–6 percent depreciation is needed for the current account deficit to be consistent with constant net foreign assets as a share of GDP
Table Of Contents
Cover; Contents; I: External Stability and Competitiveness in The Gambia; Main Findings; A. Background; Figures; I.1. Foreign Assets, Liabilities and Net Position; B. External Stability; Boxes; I.1. Data Deficiencies in The Gambia's Balance of Payments Revisited; Historical Evolution of the Balance of Payments; Tables; I.1. Summary of Results-External Stability and the Real Exchange Rate; The Macroeconomic Balance Approach; I.2. Developments in the Balance of Payments, 1997-2007; I.2. Estimate of Underlying Current Account Balance; I.3. Calculation of the Current Account Norm
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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