Prolonged overvalued exchange rate would damage Gambia’s international competitiveness - IMF warns

The warning came at the back of several Gambia Government directives that downgraded foreign currency exchange rates, impose a moratorium on the shipment of the dollar, suspension of money operators, seizure of financial bureau licences, and arrests and detention of forex bureau staff – amid a continuous decline in value of the local currency, the Dalasi. (Photo Credit: Bloomberg)

The Gambia: IMF suggests further tax reforms to strengthen revenues

Also, IMF Board claims The Gambia made significant progress in the fight against poverty prior to the drought, however, it admitted that poverty is still widespread (Photo credit: Wikipedia)