IMF’s acting board chair Mr. Bo Li said recently that the Gambia’s economic recovery and tax collection are “weaker than anticipated while inflationary pressures and foreign exchange shortages are intensifying”. According to Mr. Li, this situation has been engendered by the ramifications of Russia’s invasion of Ukraine, the Covid-19 hangover[Read More…]
Tag: IMF
IMF Approves Nearly US$27.41M For Gambia
The Executive Board of the IMF has approved about US$27.41m for The Gambia after the Fifth Review under the Extended Credit Facility Arrangement for the country held in Washington, DC on Thursday. This takes the total disbursements under ECF arrangements to about US$87.44 million. In the second augmentation of access[Read More…]
IMF Grants Senegal Credit Extension Until January 2023 For Reviews
The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fund said in a statement on Thursday. The request, approved on Nov. 15, concerns an 18-month Stand-By Arrangement and Arrangement Under the Standby[Read More…]
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