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Beyond Debt Relief: Consolidating Macroeconomic Achievements and Reducing Poverty in The Gambia

A fewmonths ago, in December 2007, The Gambia passed a historic milestone, reachingthe “completion point” under the Heavily Indebted Poor Countries (HIPC) Initiative. The completion of thisIMF- and World Bank-sponsored Initiative provides to The Gambia a substantialamount of debt relief from the international community. It has also triggeredadditional relief to cover debt owed to the African Development Bank, the IMF,and the World Bank under a complementary scheme called the Multilateral Debt...

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