26450
Gambia Faces Serious Risks
World Economy

Gambia Faces Serious Risks

Gambia’s economy faces serious risks from a worsening budget, rising inflation and tight interest rates, the International Monetary Fund warned, News24 reported. In an annual review of the tiny West African country’s economy, the IMF, which lent Gambia $10.8 million in April 2015, said policy inconsistencies undermined the country’s ability to meet external obligations. “In the absence of corrective policies, Gambia’s external viability and fiscal sustainability could be at serious risk,” the international lender said in a statement. Gambia’s economy contracted in 2014 as the Ebola epidemic hurt tourism and scant rainfall curbed agricultural output. The current account deficit has increased and external debt is on the rise, while official reserves have dwindled.

Short URL : https://goo.gl/DRkTTl
  1. https://goo.gl/MNHMJL
  • https://goo.gl/Oc10mB
  • https://goo.gl/sHao2y
  • https://goo.gl/1V4KJx
  • https://goo.gl/6UhFcg

You can also read ...

 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...

Trending

Googleplus