The Gambia : Selected Issues and Statistical Appendix.

This Selected Issues paper and Statistical Appendix for The Gambia underlies that the exchange rate is broadly in line with fundamentals, although data weaknesses and uncertainties prevent a definitive assessment. The Gambia's current account deficit is higher than economic fundamentals would p...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2008.
Colecção:IMF Staff Country Reports; Country Report ; No. 2008/325
Acesso em linha:Full text available on IMF
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520 3 |a This Selected Issues paper and Statistical Appendix for The Gambia underlies that the exchange rate is broadly in line with fundamentals, although data weaknesses and uncertainties prevent a definitive assessment. The Gambia's current account deficit is higher than economic fundamentals would predict, and a depreciation of 11 percent would be needed to restore sustainability. The external sustainability approach suggests that 4-6 percent depreciation is needed for the current account deficit to be consistent with constant net foreign assets as a share of GDP. 
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