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IMF Approves $27.41m For The Gambia

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Mamadou Barry, IMF Resident Representative The Gambia

By Buba Gagigo

The International Monetary Fund (IFM), has  approves $27.41 million for the Gambia to help meet the country’s financing needs among others.

“The IMF Executive Board decision allows for an immediate disbursement of about 

US$27.41 million to The Gambia to help meet the country’s financing needs, address the repercussions of the war in Ukraine, and support the post-pandemic recovery,” IMF wrote in a statement shared with Kerr Fatou.

According the international Monetary Fund (IFM), Gambian’s economy is expected to grow by 4.5 percent in 2022 and 6.0 percent in 2023. 

“The repercussions of the war in Ukraine threaten economic and social stability.

The authorities are taking the necessary measures to address the implications of external shocks. They remain committed to strong policies and reforms,” their statement continues

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