The IMF Board has approved a new 36-month ECF arrangement for Gambia, amounting to around USD 100 mln. The country’s economy is forecast to grow by 5.6% in 2023, supported by tourism and construction. However, challenges such as FX pressures and reserve shortages persist. The IMF’s support, along with aid from other development partners, is expected to maintain an adequate level of FX reserves, around four months of imports, in the medium term.