The International Monetary Fund (IMF) has approved a $43.55 million grant to help The Gambia strengthen its economy against climate-related risks. The funding, part of an 18-month Resilience and Sustainability Facility (RSF), is designed to support the country’s long-term efforts to build a more sustainable and shock-resistant economy.
According to a statement released by The Gambia’s Ministry of Finance and Economic Affairs, the grant will help the country enhance its macroeconomic resilience and develop stronger policy frameworks to support sustainable growth amid climate change challenges.
In addition to the RSF grant, the IMF also completed its third review of The Gambia’s ongoing Extended Credit Facility (ECF), which began in January 2024. As a result, an additional $6.95 million was unlocked, raising the total disbursement under this program to about $50.82 million since 2021.
The Gambian government reaffirmed its focus on structural economic reforms aimed at encouraging inclusive growth, tackling long-standing barriers, and increasing fiscal efficiency, even as it navigates both domestic pressures and global uncertainties.
