IMF plans additional $28 million for The Gambia
By the AFREEQUE newsroom, based on Kerr Fatou
The International Monetary Fund could provide The Gambia with an additional $28 million after a staff-level agreement on reviews of its economic reform and climate resilience programmes. The disbursement, subject to board approval and prior actions, would bring total programme funding to about $142 million, according to the IMF.
The International Monetary Fund (IMF) is planning additional funding of $28 million for The Gambia after a preliminary agreement with the institution’s staff on economic reforms and the climate resilience programme, according to an IMF statement reported by Kerr Fatou.
The package, equivalent to 20.73 million special drawing rights, covers the sixth review under the Extended Credit Facility and the third review under the Resilience and Sustainability Facility. Disbursement remains subject to approval by the IMF’s Executive Board and the implementation of prior actions. It would bring total funding granted to The Gambia under the two programmes to about $142 million.
The IMF mission, led by Eva Jenkner, took place in Banjul from 19 to 30 October 2026. It found that all quantitative criteria and indicative targets had been met through the end of June. The IMF forecasts real growth of 5.1% in 2026 and 2027, while inflation fell from 7% in April to 6.1% in September, remaining above the central bank’s 5% target.
The agreement comes as The Gambia aims to complete two consecutive IMF programmes, announced on 30 October. Eva Jenkner nevertheless called for the anti-corruption commission to be made fully operational and for governance, transparency and control of fiscal risks to be strengthened.
