IMF Disburses US$38.15M as Gambia Remains at High Risk of Debt Distress
Last week, The Gambia’s Ministry of Finance and Economic Affairs (MoFEA) announced that the International Monetary Fund (IMF) had approved the immediate disbursement of US$38.15 million [equivalent to D2.78 billion]. In its announcement, MoFEA did not indicate that the disbursements are loans or outline their conditions. After an engagement with the IMF last week, we can reveal the conditions of the loans in this feature publication.
IMF Set to Approve US$65 Million for Gambia’s Climate Resilience Enhancement
An IMF team visited Banjul, The Gambia from April 2 to April 16, 2025, to review how The Gambia is doing under a financial support program. The program is a 36-month Extended Credit Facility (ECF) totalling US$100.9 million that started in January 2024. More in the press release.
IMF Approves Disbursement of $10.8 Million ECF to The Gambia
The International Monetary Fund (IMF) has approved a US$10.8 million disbursement to The Gambia on 20th December 2024 following the successful completion of the second review under the country’s Extended Credit Facility arrangement. More in the press release.
IMF Approves New US$100 million Extended Credit Facility to The Gambia
The International Monetary Fund (IMF) has approved a new three-year, $100 million arrangement under its Extended Credit Facility (ECF) for The Gambia, aiming to reinforce the country’s economic recovery, curb inflation, stabilise foreign exchange markets, and address rising debt vulnerabilities. More in the press release.
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