Jan to May 2024: Gov’t Overspent by 3% and Collected 13.8% Under Revenue Target
The Ministry of Finance and Economic Affairs issued the January to May 2024 Budget Performance Report which highlights that the government is overspending by 3% and collected 13.8% less than the revenue target for the same period.
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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