Publication:
The Gambia Economic Update, Spring 2024: Jumpstarting Inclusive and Sustained Growth

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2024-05-29T14:38:52Z
dc.date.available2024-05-29T14:38:52Z
dc.date.issued2024-05-29
dc.description.abstractJumpstarting sustained and inclusive growth is the only way to improve the living conditions of the Gambians. Heightened global and regional uncertainties coupled with vulnerability climate shocks cloud the economic outlook, making efforts to improve the living conditions of the Gambians more challenging. The tightening of financing conditions has led to higher borrowing costs, exacerbating debt vulnerability although increased grants financing helped mitigate fiscal risks while supporting economic activity. The Gambia needs to maintain prudent macro-fiscal policies to build fiscal space, enhance its capacity to absorb shocks, especially in the context of the end of the debt deferral and overlapping external shocks. Fiscal consolidation efforts started in 2023 should be maintained with accelerated revenue collection measures and rationalization of public spending, while preserving much-needed public services provision, investment, and pro-poor spending. Structural issues such as reliance on low-value added tourism, limited private sector development, and low productivity continue to affect the Gambia growth potential, calling and new growth model to enable economic opportunities for all Gambians.en
dc.identifierhttp://documents.worldbank.org/curated/en/099052124221540465/P5004821f1d6a90b81b7231d812cc67b395
dc.identifier.doi10.1596/41611
dc.identifier.urihttps://hdl.handle.net/10986/41611
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectFISCAL ASPECTS OF GREEN GROWTH
dc.subjectTOURISM
dc.subjectINCLUSIVE GROWTH
dc.subjectCLIMATE CHANGE ADAPTATION
dc.subjectCLIMATE ACTION
dc.subjectSDG 13
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleThe Gambia Economic Update, Spring 2024en
dc.title.subtitleJumpstarting Inclusive and Sustained Growthen
dc.typeEconomic Updates and Modeling
dspace.entity.typePublication
okr.crossref.titleThe Gambia Economic Update, Spring 2024: Jumpstarting Inclusive and Sustained Growth
okr.date.disclosure2024-05-29
okr.date.lastmodified2024-05-27T00:00:00Zen
okr.doctypeEconomic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099052124221540465/P5004821f1d6a90b81b7231d812cc67b395
okr.guid099052124221540465
okr.identifier.docmidP500482-f1d6a9fe-cdca-42b8-b723-d812cc67b395
okr.identifier.doihttps://doi.org/10.1596/41611
okr.identifier.externaldocumentum34322556
okr.identifier.internaldocumentum34322556
okr.identifier.report190518
okr.import.id4284
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099052124221540465/pdf/P5004821f1d6a90b81b7231d812cc67b395.pdfen
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.countryGambia, The
okr.topicEnvironment::Adaptation to Climate Change
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitEFI-AFR2-MTI-MacroFiscal-1 (EAWM1)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
P5004821f1d6a90b81b7231d812cc67b395.pdf
Size:
2.94 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
P5004821f1d6a90b81b7231d812cc67b395.txt
Size:
341.67 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling