News

TOP NEWS

inister of Finance Amadou Sanneh has said that the debt financing consumes 47 percent of the country’s domestic revenue; a situation he described extremely high. “This is a challenge that has been inherited from the former government but one that we cannot just throw away,” he told reporters at the State House yesterday evening. Minister Sanneh said this in reaction to the International Monetary Fund’s (IMF) report on its 2017 Article IV consultation and Review mission from Washington, DC, to The Gambia. Mr. Ulrich Jocoby, the head of the said Mission among other things said the country’s heightened debt stock of 120% of the GDP continues to pose serious challenges for new government.

Read more