The Gambia has secured an 18-month funding arrangement of about US$63.55 million from the IMF’s Resilience and Sustainability Facility to enhance macroeconomic stability and climate resilience.
Disbursement will begin after the first review. The IMF also completed the third review of the Gambia’s Extended Credit Facility (ECF), releasing US$16.95 million, which raised total ECF disbursements to approximately US$50.82 million.
Despite challenges from unbudgeted liabilities of state-owned enterprises, the economic outlook remains positive, with a growth projection of 5.7 percent in 2025 and inflation decreased to 8.1 percent.
The government is focusing on reforms to enhance revenue collection and improve the efficiency of public expenditure.
