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2008 (5)

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Book
The Gambia : Addendum to the Joint Staff Advisory Note on the Second Poverty Reduction Strategy Paper.
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ISBN: 1462338321 1451988834 1280978783 9786613750396 1452789193 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

The Gambian authorities produced two Annual Progress Reports (APRs) covering implementation of the first Poverty Reduction Strategy Paper (PRSP) during 2002–03 and 2004, respectively. This addendum is organized around four of the main themes of the first PRSP: (i) macroeconomic stability and effective public resource management; (ii) promotion of pro-poor growth and employment creation through private sector development, particularly in the rural agricultural sector; (iii) improved basic social services and infrastructure; and (iv) capacity-building of local communities and civil society organizations (CSOs).


Book
The Gambia : Enhanced Heavily Indebted Poor Countries Initiative: Completion Point Document and Multilateral Debt Relief Initiative.
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ISBN: 146237767X 1451986815 1280898429 1452713510 9786613739735 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

An assessment is provided of The Gambia’s performance in meeting the requirements for reaching the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative is provided. Next, the paper reviews the status of creditor participation and presents an updated debt sustainability analysis (DSA). The paper contains a summary of the main conclusions, and lists a number of issues for discussion by the Boards of IDA and the IMF. The poverty database and monitoring capacity has been improved. Macroeconomic performance under the third poverty reduction growth facility (PRGF)-supported program has been strong.


Book
The Gambia : Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia.
Authors: ---
ISBN: 1455223867 145277787X 1280895977 9786613737281 145271553X Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

The Czech Republic’s strong fundamentals helped to sustain economic growth with low unemployment and underpin strides toward convergence with EU-15. Executive Directors welcomed the euro accession strategy and the sustained implementation of the Maastricht criteria, which would provide a solid foundation for euro adoption. They commended the sound financial system and prudent monetary policies and supported policy tightening to counter rising inflation pressures. Directors highlighted the need to sustain fiscal consolidation, promote labor participation, and lower structural unemployment in alleviating fiscal adjustment.


Book
The Gambia : Selected Issues and Statistical Appendix.
Authors: ---
ISBN: 1462320155 1452792852 1280898399 145270239X 9786613739704 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This Selected Issues paper and Statistical Appendix for The Gambia underlies that the exchange rate is broadly in line with fundamentals, although data weaknesses and uncertainties prevent a definitive assessment. The Gambia’s current account deficit is higher than economic fundamentals would predict, and a depreciation of 11 percent would be needed to restore sustainability. The external sustainability approach suggests that 4–6 percent depreciation is needed for the current account deficit to be consistent with constant net foreign assets as a share of GDP.


Book
The Gambia : 2008 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia.
Authors: ---
ISBN: 1462375650 1452794871 1280895624 1452702365 9786613736932 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

The Gambia’s 2008 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility are discussed. A sharp appreciation of the dalasi in 2007 has mitigated the impact of increases in world food and oil prices. The authorities’ response to the continuing rise in these world prices has been measured; while eliminating sales tax on the rise, they have raised other taxes to compensate for the revenue loss. Petroleum product prices have been adjusted to eliminate an implicit subsidy and bring them in line with import costs.

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