Title The Gambia : enhanced heavily indebted poor countries initiative : completion point document and multilateral debt relief initiative / prepared by the staffs of the International Monetary Fund and the International Development Association

Published [Washington, D.C.] : International Monetary Fund, ©2008

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Description 1 online resource (76 pages) : color illustrations Series IMF country report ; no. 08/109 IMF country report ; no. 08/109. Contents Cover; Contents; Executive Summary; I. Introduction; II. Assessment of Requirements for Reaching the Completion Point; A. PRSP and Poverty Monitoring; Boxes; 1. Status of Triggers for Reaching the Floating Completion Point; B. Macroeconomic Performance; Tables; 1. Selected Economic and Financial Indicators, 1999-2007; 2. Performance Under the Fund-Supported Programs, 1998-2007; C. Governance; D. Social Sector Reforms; 2. Gambia College Primary Teacher's Certificate (PTC) Graduates; 3. Scholarship Funds for Girls; 4. Share of Births Attended by Skilled Health Staffs 5. Share of Primary and Secondary Health Care in Health Recurrent BudgetE. Structural Reforms; F. Use of HIPC Interim Relief; 6. Budget Outturns of Locally Funded Poverty Reducing Expenditures (PREs); Figures; 1. Poverty Reducing Expenditures and Interest Payments; G. Staff Assessment; III. Updated Debt Relief and Sustainability Analysis; A. Updated Data Reconciliation for the Decision Point; B. Status of Creditor Participation in the Enhanced HIPC Initiative; C. Consideration for Exceptional Topping-Up of HIPC Assistance; 7. Debt and Exports Related Variables (After HIPC Assistance) 8. Decomposition of the Changes in the NVP of Debt-to-Exports Ratio2. The Gambia: Projected and Actual Export Performance, 2000-06; D. Creditor Participation in the Multilateral Debt Relief Initiative; E. Updated Debt Sustainability Analysis; 3. Debt Sustainability Analysis Macroeconomic Assumptions, 2006-27; F. Sensitivity Analysis and Long-Term Debt Sustainability; IV. Conclusions; V. Issues for Discussion; 9. Discount Rate and Exchange Rate Assumptions; 10. Nominal and Net Present Value of External Debt Outstanding as of End-Dec. 1999; 11. Estimated Assistance at Decision Point 12. External Public and Publicly Guaranteed Debt at End-December 200613. Net Present Value of External Debt; 14. External Debt Service after Full Implementation of Debt-Relief Mechanisms; 15. External Debt Indicators; 16. Sensitivity Analysis; 17. Delivery of IDA Assistance under Enhanced HIPC Initiative and the MDRI, 2001-20; 18. Delivery of IMF Assistance under Enhanced HIPC Initiative and the MDRI, 2000-09; 19. Status of Creditor Participation under Enhanced HIPC Initiative; 20. Paris Club Creditors' Delivery of Debt Relief Under Bilateral Initiatives Beyond the HIPC Initiative 21. Status of Country Cases Considered Under the Initiative, October 4, 20073. External Debt for Medium- and Long-Term Public Sector Debt, 2007-26; 4. Sensitivity Analysis, 2006-25 (Stock of Debt); 5. Sensitivity Analysis, 2006-25 (Debt Service); 6. External Debt Structure; Appendices; I. Debt Sustainability Analysis Under the Debt Sustainability Framework for Low-Income Countries-An Update; II. Debt Management Summary This paper discusses progress by The Gambia under the Enhanced Heavily Indebted Poor Countries Initiative, and recommends that the Executive Directors of the International Development Association and the International Monetary Fund approve the completion point for The Gambia under the Enhanced HIPC initiative. In the opinion o f the staffs, The Gambia has made satisfactory progress in achieving the completion point triggers, notably preparing and implementing a Poverty Reduction Strategy Paper (PRSP), maintaining a stable macroeconomic environment, setting up mechanisms to ensure efficient and Notes "March 2008"--Cover Print version record Subject Poverty -- Gambia Debt relief -- Gambia Debt relief Economic history Economic policy Poverty SUBJECT Gambia -- Economic policy Gambia -- Economic conditions -- 1965- http://id.loc.gov/authorities/subjects/sh85052902 Gambia -- Economic conditions -- 1965- -- Statistics Subject Gambia Genre/Form Statistics Form Electronic book Author International Monetary Fund, issuing body. International Development Association, issuing body. ISBN 1452713510 9781452713519 1280898429 9781280898426 9781451986815 1451986815

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