Africa-Press – Gambia. The International Monetary Fund (IMF) has increased its financial support ceiling for The Gambia to more than $165 million, citing the country’s sustained macroeconomic reforms and development progress.
According to the Office of the President, the package includes $100 million under the Enhanced Credit Facility and an additional $65 million in climate-smart financing to bolster resilience and sustainable growth.
President Adama Barrow was formally briefed on the development during a courtesy call at State House in Banjul by Dr. Outtara Wautabouna, the IMF Executive Director for West Africa Constituency 1.
In his remarks, President Barrow expressed appreciation to the IMF, describing it as one of The Gambia’s key development partners. “In spite of being a small country with a lot of challenges, we have, for the first time, completed an IMF programme,” the presidency quoted him as saying.
The statement stated that the President reaffirmed his government’s commitment to close cooperation with the IMF as it continues to implement nationwide projects aimed at improving livelihoods. He also called for flexibility in project delivery to ensure timely impact, while stressing the importance of job creation and an enabling environment for young people.
According to the release from State House, Dr. Wautabouna commended The Gambia’s reform agenda and said he remained optimistic about the country’s economic outlook. He also thanked the government for its support during his appointment as IMF Executive Director for the West Africa Constituency.
Meanwhile, Finance Minister Seedy Keita informed the President that The Gambia now qualifies for climate-smart financing, which will unlock further opportunities for funding to support sustainable development initiatives.
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