In recent days, sections of the political opposition have sought to portray the International Monetary Fund’s (IMF) latest statement as evidence of discontent with the Gambian government. They argue that the IMF’s call for the Anti-Corruption Commission to be operationalised next year shows frustration with the Barrow administration.
However, a closer and more objective reading of the IMF’s remarks reveals a very different picture — one of confidence, partnership, and progress.
IMF Commends The Gambia’s Fiscal and Governance Reforms
After concluding its fourth review mission under The Gambia’s Extended Credit Facility (ECF), the IMF Mission Chief, Eva Jenkner, praised the government for taking “tough steps” in economic and governance reforms. She highlighted strict expenditure control, enhanced resource mobilisation, and substantial results already achieved in 2024.
These are not the words of an institution dissatisfied with its partner. Rather, they reflect the IMF’s recognition of The Gambia’s ongoing efforts to strengthen its economy and governance framework.
Anti-Corruption Commission: A Shared Reform Goal
The IMF’s reference to the Anti-Corruption Commission’s operationalisation should not be misunderstood. This was not a warning or sign of discontent; it was a reminder of a shared commitment — a reform benchmark that The Gambia itself included in its ECF programme.
Having already submitted the shortlist of commissioners to the National Assembly, the next natural step is to make the Commission fully operational. This is part of the government’s own governance agenda, designed to enhance transparency and strengthen public trust.
To interpret this as IMF dissatisfaction is simply inaccurate. The Fund’s tone throughout the statement was constructive and supportive, reflecting its confidence in the government’s reform path.
Remarkable Financial Progress Since 2016
Since 2016, The Gambia has achieved a level of economic turnaround few would have thought possible just a decade ago. Through discipline, reform, and international cooperation, the government has rebuilt an economy once on the brink of collapse.
Some of the major achievements include:
Restored Macroeconomic Stability: The budget deficit has been narrowed, and the debt-to-GDP ratio — once above 120% — has been reduced through restructuring and prudent fiscal management.
Improved Revenue Collection: The Gambia Revenue Authority (GRA) modernisation drive has boosted domestic tax collection through digital systems and customs reform.
Stronger Fiscal Discipline: Expenditure controls and transparent budgeting, guided by the Public Finance Act, have reduced wastage and improved accountability.
Enhanced Governance: The establishment of an independent National Audit Office and progress on the Anti-Corruption Commission show real movement toward stronger institutions.
Social Investment: Despite economic headwinds, spending on education, healthcare, and infrastructure has remained a national priority.
Renewed International Confidence: The Gambia’s consistent success in IMF programme reviews has attracted more donor confidence and development assistance.
These results speak to a government that has not only stabilised the economy but is also laying the foundation for long-term, sustainable growth.
The IMF’s Message Is Clear: Stay the Course
The IMF’s message to The Gambia is not one of criticism — it is one of encouragement. It recognises the hard work already done and urges the government to continue building on these gains by strengthening institutions and maintaining fiscal discipline.
The operationalisation of the Anti-Corruption Commission should therefore be viewed as a milestone in The Gambia’s governance journey — a symbol of progress, not pressure.
Conclusion
The opposition’s attempt to politicise the IMF’s statement misrepresents its true intent. The Fund remains supportive of The Gambia’s reform efforts, impressed by the government’s fiscal discipline, and committed to continued cooperation.
Since 2016, The Gambia has transformed its economic governance, restored international credibility, and positioned itself as a model of reform in West Africa.
At Jarra News TV, we believe the IMF’s statement is a vote of confidence in the government’s direction — not criticism. The message from the IMF is clear and positive: The Gambia is on the right path — and the world is taking notice.
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