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Gambia - 2010 Article IV Consultation, Staff Report, Statement by the IMF Staff Representative, Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Gambia, International Monetary Fund

Label
Gambia - 2010 Article IV Consultation, Staff Report, Statement by the IMF Staff Representative, Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Gambia, International Monetary Fund
Language
eng
Abstract
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
Illustrations
illustrations
Index
no index present
Literary Form
non fiction
Main title
Gambia - 2010 Article IV Consultation
Nature of contents
dictionaries
Oclc number
876511381
Responsibility statement
International Monetary Fund
Series statement
IMF Staff Country Reports, Number 10/274
Sub title
Staff Report, Statement by the IMF Staff Representative, Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Gambia
Table Of Contents
Cover; Contents; Executive Summary; I. Background: Achieving Macroeconomic Stability,While Dealing with a Heavy Debt Burden; Figures; 1. Recent Economic Developments, 2006-09; 2. Recent Economic Developments, 2006-09; 3. Cross-Country Comparison; II. Recent Economic Developments and Outlook: Weakening Fiscal Discipline Has Complicated Macroeconomic Policies; Boxes; 1. Implementing Recommendations from the 2008 Article IV Consultation; Outlook and Risks; III. Policy Discussions: Strengthening Foundations for Sustainable Economic Growth and Poverty Reduction; A. Macroeconomic PoliciesFiscal Policy: Restoring Fiscal Discipline2. Fund Staff's Proposals on Tax Reform; PFM reform; Monetary policy and liquidity management; B. Financial Sector Policies; C. Exchange Rate Assessment and International Competitiveness; D. Accelerating Growth; IV. Economic Statistics; V. Staff Appraisal; Tables; 1. Selected Economic Indicators; 2. Fiscal Operations of the Central Government (in millions of local currency); 3. Fiscal Operations of the Central Government (in percent of GDP); 4. Monetary Accounts (in millions of local currency; unless otherwise indicated); 5. Monetary Accounts6. Balance of Payments (in millions of U.S. dollars unless otherwise indicated); 7. Balance of Payments (in percent of GDP); 8. Millenium Development Goals; Appendices; 1. Reserve Adequacy in The Gambia; 2. Banking Supervision in a Rapidly Expanding Banking Sector; 3. Is the Dalasi Aligned with The Economy's Fundamentals?; 4. Draft Public Information Notice
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