[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109197-en":3,"doc-seo-109197-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109197,34359740700684,"Finn","https://ap-avatar.wpscdn.com/avatar/1f400023980c374ae676?_k=1777273430885731487",8,"Research & Report","Gambia Economic Update - Spring 2024 - Jumpstarting Inclusive and Sustained Growth","Gambia Economic Update - Spring 2024 presents an assessment of recent economic conditions, highlighting a recovery in economic activity amid global headwinds while persistent external vulnerabilities remain. It outlines inflation pressures leading to monetary tightening, a declining yet still high fiscal deficit, and ongoing public debt concerns. The report also frames the development agenda around the transition from a low, volatile growth trap toward inclusive outcomes, emphasizing structural constraints and policy options to support higher and more inclusive growth.","1  \nPub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nGAMBIA | ECONOMIC UPDATE-SPRING 2024  \nJumpstarting Inclusive and Sustained Growth  \n© 2024 The World Bank  \n1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; [Internet: www.worldbank.org](Internet: www.worldbank.org)  \nSome rights reserved  \nThis work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors ofThe World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given.  \nAttribution—Please cite the work as follows: “World Bank. 2024. Jumpstarting Inclusive and Sustained Growth. The Gambia Economic Update. © World Bank.”  \nAll queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; [e-mail: pubrights@worldbank.org](e-mail: pubrights@worldbank.org).  \nJUMPSTARTING INCLUSIVE AND SUSTAINED GROWTH  \nTable of Contents  \nAbbreviations and Acronyms iv  \nAcknowledgments vi  \nExecutive Summary vii  \nChapter 1: The State of the Economy 1  \n1.1. Recent developments 2  \nGlobal and regional growth has been sluggish amid continued tightening of monetary policies and financing conditions 2  \nEconomic activity increased in The Gambia despite global economic headwinds 2  \nVulnerabilities persist in the external sector, but the current-account deficit has been relatively stable 5  \nMonetary policy has been tightening to address mounting inflationary pressures 10  \nThe fiscal deficit decreased while remaining high, and the country continues to face fiscal vulnerabilities and high public debt 14  \n1.2. Outlook, risk and opportunities 18  \nThe medium-term outlook is positive with a solid recovery driven by a commitment for macro-fiscal stability and the implementation of RF-NDP 2023–2027 and rebound in all sectors 18  \nRising regional and domestic risks cloud to the outlook 21  \nChapter 2: Spotlight on The Gambia’s Development Agenda: Jumpstarting Inclusive and Sustained Growth 25  \n2.1. The Gambia’s economy has been caught in a low and volatile growth trap 26  \n2.2. Weak foundation for structural transformation 28  \n2.3. Economic growth has not been inclusive despite progress 37  \nPoverty and inequality remain high despite recent resilient growth 37  \nThe incidence of growth reveals significant declines in per capita consumption growth 37  \nSocial disparities prevail in access to essential services 39  \nThe Gambia’s labor market suffers from significant underutilization, low labor force participation, and high informal employment, with large gender disparities 40  \n2.4. Other structural constraints have impaired The Gambia’s growth dynamics 42  \nLow revenue collection hampers the provision of public goods and fiscal and debt sustainability 44  \nPoor and inadequate infrastructure is a major barrier to private sector-led growth 45  \n2.5. Policy options for laying the foundation for higher and more inclusive growth 49  \nReferences 54  \nTABLE OF CONTENTS i  \nGAMBIA | ECONOMIC UPDATE-SPRING 2024  \nTable of Boxes  \nBox 2.1. Ongoing projects contributing to narrowing the infrastructure gap 47  \nBox 2.2. Some key features of the business environment in The Gambia 48  \nList of Figures  ","cbCaic6Iy5nbvbUB","https://ap.wps.com/l/cbCaic6Iy5nbvbUB","pdf",3086888,4,1,72,"English","en",105,"# Executive Summary\n# Chapter 1: The State of the Economy\n## Recent developments\n## Outlook, risk and opportunities\n# Chapter 2: Spotlight on The Gambia’s Development Agenda: Jumpstarting Inclusive and Sustained Growth\n## The Gambia’s economy has been caught in a low and volatile growth trap\n## Weak foundation for structural transformation\n## Economic growth has not been inclusive despite progress\n## Other structural constraints have impaired The Gambia’s growth dynamics\n## Policy options for laying the foundation for higher and more inclusive growth","[{\"question\":\"What factors are driving the recent economic recovery in The Gambia?\",\"answer\":\"Economic activity increased despite global headwinds, and the medium-term outlook is supported by commitments to macro-fiscal stability and the implementation of RF-NDP 2023–2027, alongside rebounds across sectors.\"},{\"question\":\"How does the report describe inflation and the monetary policy response?\",\"answer\":\"Mounting inflationary pressures have led to monetary policy tightening, with further tightening of the monetary stance indicated as conditions deteriorated through terms of trade effects.\"},{\"question\":\"Why does the report emphasize inclusive growth beyond overall growth?\",\"answer\":\"Despite resilient growth, poverty and inequality remain high, growth has not been inclusive, social disparities persist in access to essential services, and the labor market shows underutilization, low participation, high informality, and gender disparities.\"}]","Gambia Economic Update - Spring 2024 - Jumpstarting Inclusive and Sustained Growth | PDF",1784477755,181,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"gambia-economic-update-spring-2024-jumpstarting-inclusive-and-sustained-growth","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":20},"https://docshare.wps.com/document/gambia-economic-update-spring-2024-jumpstarting-inclusive-and-sustained-growth/109197/",{"url":53,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What factors are driving the recent economic recovery in The Gambia?","Question",{"text":76,"@type":77},"Economic activity increased despite global headwinds, and the medium-term outlook is supported by commitments to macro-fiscal stability and the implementation of RF-NDP 2023–2027, alongside rebounds across sectors.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How does the report describe inflation and the monetary policy response?",{"text":81,"@type":77},"Mounting inflationary pressures have led to monetary policy tightening, with further tightening of the monetary stance indicated as conditions deteriorated through terms of trade effects.",{"name":83,"@type":74,"acceptedAnswer":84},"Why does the report emphasize inclusive growth beyond overall growth?",{"text":85,"@type":77},"Despite resilient growth, poverty and inequality remain high, growth has not been inclusive, social disparities persist in access to essential services, and the labor market shows underutilization, low participation, high informality, and gender disparities.","https://schema.org",{"og:url":53,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]