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The Gambia

Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note

The Gambia by International Monetary Fund
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This Joint Staff Advisory Note discusses the Annual Progress report of The Gambia's Poverty Reduction Strategy Paper. Macroeconomic performance has been strong, exemplified by robust growth and relatively low inflation. However, the current global economic slowdown is likely to adversely affect growth in The Gambia and widen the external current account deficit by slowing down tourism and remittances. In addition to the impact of the global economic slowdown, re-export trade appears to be contracting as the country's regional comparative advantages deteriorate, and foreign direct investment is projected to level off after rising sharply.
International Monetary Fund; March 2009
10 pages; ISBN 9781451880861
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Title: The Gambia
Author: International Monetary Fund