The International Monetary Fund (IMF) has increased its financial support for The Gambia to over $165 million, recognizing the country’s robust economic reforms under President Adama Barrow. The funding includes $100 million for the Enhanced Credit Facility and an additional $65 million for Climate Smart financing, aimed at bolstering sustainable development.
The announcement came during a courtesy visit by Dr. Outtara Wautabouna, IMF Executive Director for West Africa Constituency 1, to President Barrow at State House in Banjul on September 2, 2025. Dr. Wautabouna lauded The Gambia’s progressive macroeconomic efforts, expressing optimism about its economic trajectory. “The Gambia’s commitment to reforms is commendable, and we are confident in its continued progress,” he said.
President Barrow expressed gratitude to the IMF for its role as a key development partner. “As a small country with many challenges, we are proud to have completed an IMF program for the first time,” he stated. He reaffirmed his government’s commitment to fulfilling its social contract with citizens through impactful nationwide projects. Barrow also called for greater flexibility in project delivery to improve livelihoods and create opportunities for Gambians.
Highlighting the importance of African integration, Barrow emphasized collaboration across the continent. “We have a strong human resource base with youthful populations. Creating jobs and enabling environments for our youth to prosper is the way forward,” he said, underscoring his vision for economic empowerment.
The Gambian delegation, led by Finance and Economic Affairs Minister Seedy Keita, introduced Dr. Wautabouna’s role in amplifying The Gambia’s voice within the IMF. Minister Keita briefed the President on the progress of the second Enhanced Credit Facility, noting that The Gambia’s eligibility for Climate Smart financing would unlock additional resources for sustainable initiatives.
Dr. Wautabouna thanked The Gambia for supporting his appointment as Executive Director and praised the country’s cooperative spirit. The increased funding is expected to support critical projects, enhance climate resilience, and drive economic growth, aligning with The Gambia’s development goals.
This milestone marks a significant step in The Gambia’s partnership with the IMF, reinforcing its position as a model for economic reform in West Africa. President Barrow’s administration continues to prioritize job creation and sustainable development to uplift the nation’s citizens.
