The International Monetary Fund (IMF) Executive Board has approved an immediate disbursement of about US$38.15 million to The Gambia following the successful completion of the Fourth Review under the Extended Credit Facility (ECF) and the First Review under the Resilience and Sustainability Facility (RSF).
The Executive Board meeting was held at IMF Headquarters in Washington, DC, and was chaired by The Hon. Minister of Finance and Economic Affairs, Mr. Seedy K.M. Keita, in his capacity as Acting Chair.
In his statement to the Board, the Acting Chair highlighted that The Gambia’s economy continues to experience robust growth and declining inflation, reflecting sustained macroeconomic stability.
He emphasised that the Government remains committed to the reform agenda, including:
• Meeting 2025 fiscal targets through strong revenue collection and disciplined spending.
• Avoiding overspending during the election period while safeguarding social and development spending.
• Maintaining price stability and a market-determined exchange rate, with monetary policy adjustments remaining data-driven.
• Strengthening governance, anti-corruption frameworks, and the business environment to boost private sector growth and job creation.
• Implementing climate resilience reforms under the RSF to safeguard long-term economic stability.
The IMF’s approval reflects continued confidence in The Gambia’s reform programme and its efforts to sustain growth, strengthen fiscal discipline, and enhance governance and climate resilience.
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