This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between The Gambia and the IMF. Additional information can be found on The Gambia and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with The Gambia.
At a Glance
- Current IMF membership: 190 countries
- The Gambia joined the Fund in September 21, 1967. The Gambia accepted the obligations under Article VIII, Sections 2(a), 3, and 4, of the Fund’s Articles of Agreements on January 21, 1993. It maintains an exchange system that is free of restrictions on the making of payments and transfers for current international transactions.
- Quota (SDR): 62.2 Million
- Outstanding Purchases and Loans (SDR): 97.76 million (December 31, 2023)
- Article IV/Country Report: December 10, 2021
Office Activities
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IMF Resident Representative, Mamadou Dioulde Barry, presenting recent economic developments in SSA and The Gambia; and informing the audience about IMF supports to the country.
June 15, 2021
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Gambia Advertisement for the Office Manager Position
November 13, 2020
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Launching of the April 2019 Regional Economic Outlook (REO)
Power Point Presentation held at the University of the Gambia
June 10, 2019
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DMD Tao Zhang Concludes his Visit to The Gambia
Press Review (articles and videos)
May 15, 2019
IMF's Work on Gambia
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July 12, 2024
Series:Country Report No. 2024/218
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Transcript of IMF Press Briefing
July 11, 2024
MS. KOZACK: Good morning, everyone, both to those of you here in person and those joining us online. Welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. U.S. Eastern Time. Let me start with some announcements and then I will take your questions in person on Webex and via the Press Center.
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THE GAMBIA: IMF Executive Board Completes the First Review Under the Extended Credit Facility
July 9, 2024
The Executive Board of the International Monetary Fund (IMF) completed today the first review under the Extended Credit Facility (ECF) arrangement, approved by the IMF Executive Board on January 12, 2024, in the amount of SDR74.64 million (about US$98.7 million). The completion of the review allows for an immediate disbursement of SDR 8.29 million (about US$10.95 million) bringing the total disbursement under the arrangement to about SDR16.6 million (US$21.9 million).
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May 3, 2024
An International Monetary Fund (IMF) team, led by Mr. Ivohasina Fizara Razafimahefa, conducted discussions with the Gambian authorities in Banjul from April 23 to May 3, 2024, and reached a staff-level agreement on the first review of the program supported under the 36-month Extended Credit Facility (ECF) arrangement, which was approved in January 2024 for total access of SDR 74.64 million (about US$98.4 million).
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Macroeconomic and Distributional Implications of Gender Gaps: The Gambia
February 15, 2024
Author/Editor:Mamadou D Barry | Momodou Jallow | Glen Kwende | Vivian Malta
Series:Selected Issues Paper No. 2024/006
Regional Economic Outlook
April 19, 2024
A Tepid and Pricey RecoveryAfter four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.