9 April 2013

Gambia: IMF Gambia Mission Chief Meets President Jammeh

The mission chief of the International Monetary Fund (IMF) to the Gambia, David Dunn, on Monday called on the president of the Republic, His Excellency Sheikh Professor Alhaji Dr Yahya AJJ Jammeh at State House.

Speaking to reporters shortly after meeting the Gambian leader, Dunn revealed that The Gambia has a programme supported by the IMF which aims to create a strong foundation that will enable the country have strong economic growth, employment, low inflation and stable exchange rate.

While highlighting the number of policies put in place by the government, Dunn said that the IMF board has agreed to a three-year credit arrangement with The Gambia sometime last year, to ensure a stronger economy.

"We are here for a review of that credit agreement. We also discussed some of the pressing issues facing the Gambia now and we are quite optimistic that we can complete the review and have a good policy agenda going forward", he further stated.

Asked about some of the pressing issues, Dunn stated that the current issue is with regards to the government's budget. The country, he said has high domestic debts, causing serious burden on the budget. He therefore indicated that their effort is focused on reducing that burden by reducing government's borrowing.

Copyright © 2013 The Daily Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.