IMF Warns Shift In US Trade Policy May Affect Growth In Gambia, Others – The Standard Newspaper

IMF Praises Gambia’s 5.3% Economic Growth, But Expresses Concern Over Mounting Debt Burden.

By: Fatou Krubally The Gambia’s economy surged 5.3 percent in 2024, putting it ahead of most of Sub-Saharan Africa. But a worrying debt-to-GDP ratio of 73.5 percent threatens to slow the country’s progress, the International Monetary Fund (IMF) has warned. Unveiling the IMF’s latest Regional Economic Outlook for Sub-Saharan Africa on Tuesday, IMF Resident Representative Patrick Gitton commended The Gambia’s economic resilience in a tough year fo…

IMF Warns Shift In US Trade Policy May Affect Growth In Gambia, Others – The Standard Newspaper

By Tabora Bojang The International Monetary Fund IMF has warned that the recent shift in trade policy of the United States coupled with massive cutting of foreign aid by donor countries like UK, Germany and Belgium, will impact growth in The Gambia and other sub Saharan countries. According to the IMF, the region’s  four – year crisis which began with Covid-19 and subsequently the Russia-Ukraine war is far from over, as recovery from these shock…