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Article: Reforms reap strong growth: several years of painful economic reform now seem to be bearing fruit and The Gambia and its economy has been growing steadily. Will this translate into better living standards for the ordinary people? Neil Ford has been finding out.(The Gambia)
- Article from:
- African Business
- Article date:
- December 1, 2003
- Author:
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The Gambia finally seems to be seeing the benefits of years of painful economic reform. Annual growth hit 7% in 2002 and, despite the impact of low rainfall cm agricultural output this year, national GDP is still expected to rise by over 4%. Although donor support remains a major source of income and attempted reform of the peanut sector threatened to destabilise the country, there is now real hope that living standards can improve.
The country's relations with the IMF are dominated by its Poverty Reduction and Growth Facility (PRGF) programme. Since the end of 2000, the country has been awarded interim debt relief under the Heavily Indebted Poor Countries (HIPC) ...
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