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Gambia News : Gambian Economy to Grow Faster Than Forecast in 2009, IMF Says
The Gambian economy will expand this
year at a faster pace than previously forecast, aided by strong
growth in agriculture, the International Monetary Fund said in a
report dated Nov. 5.
Gross domestic product will increase about 4.5 percent to 5
percent in 2009, up from an earlier estimate of about 3.5
percent, according to a statement issued after IMF officials
visited the Africa nation from Oct. 23 to Nov. 5. Real GDP
growth is projected “to rise slightly” in 2010, based on a
partial recovery in tourism and remittances, the IMF also said
in the report e-mailed to Bloomberg News.
“Given the uncertainty of weather conditions for
agriculture and prevailing weakness in some countries with
economic linkages to The Gambia, there are still downside risks
to the outlook for 2010,” the fund said.
“The Gambian government still faces a heavy debt burden,”
the IMF said, estimating interest on government debt to consume
almost 20 percent of government revenue in 2009.
12903 times read
- gambia will never be any good we have two many crooks and bumpster on the beaches hastling tourist wee need more two come so wee can cheat them seiko demba pipeline
(Posted on March 26, 2010, 12:11 PM SEIKO DEMBA)
- Well done Mr President and I know is only God and a few who would like you. You know why, we are corupt and we only need a leader who would let us go away with millions of the nation. You said no and no wonder that the economic will grow fast.
(Posted on December 1, 2009, 9:58 PM Lamin)
- thank,s to god and thank,s for president jammeh
i think if jammeh have good gambians with him our gambia will be mor better then this. the economy to grow faster then forecast meen that jammeh is doing all he can to help gambians now
is up to we.g
(Posted on November 7, 2009, 12:47 AM MR A.A.SAMBOU)
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