IMF, Barrow discuss Gambia’s economic challenges

IMF, Barrow discuss Gambia’s economic challenges

The International Monetary Fund held discussions with the Gambia’s President Adama Barrow on the challenges facing the Gambia’s economy.

Barrow, 51, inherited a heavily indebted nation from the former President Yahya Jammeh, who has been accused of embezzling more than a billion dollars, leaving the economy very clouded.

A team of experts from the International Monetary Fund (IMF), led by Mr. Ulrich Jacoby, visited The Gambia to assess the current economic situation of the country.

Jacoby also met with Minister of Finance Amadou Sanneh and Central Bank Governor Amadou Colley.

President Adama Barrow defeated Gambia’s longstanding ruler Yahya Jammeh in the country’s December 1 polls.

The EU has provided €75 million in aid so far to Gambia since the new government took over.

Meanwhile, World Bank Vice President for Africa Makhtar Diop arrived in Banjul, The Gambia’s capital to hold talks with President Barrow and his administration.

There are calls, including from civil rights activist, Rev. Jessie Jackson for the Gambia’s $1.9 billion debt to be forgiven for the small nation of fewer than two million people to have a fresh start.

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