The IMF and the Gambia have agreed at the staff level on the first review under the ECF, providing a disbursement of USD 10.9 mln pending executive board approval, bringing the total disbursements under the program to approximately USD 21.8 mln. The IMF noted Gambia’s effective FX policies reflecting market dynamics, leading to alleviated currency shortages. Gambia’s economy is estimated to have grown by 5.3% in 2023, driven by agriculture and services, though tourist numbers remained below pre-COVID-19 levels.