Gambia

Gambia’s economy minister reported a 120% increase in domestic resource mobilization from GMD 8.1 bln in 2017 to GMD 17.8 bln in 2023, with expectations to exceed 20 bln this year. The country’s economy is outperforming regional averages, with a projected real GDP growth of 5.3% in 2023 and a reduction in the debt-to-GDP ratio from 85% in 2022 to 75% in 2023. Additionally, Gambia has completed its first three-year IMF ECF program.