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KEY ISSUES Background. The Gambian economy is facing urgent balance of payments needs triggered mostly by the impact of the regional Ebola outbreak on tourism. Although the country remains Ebola free, the regional outbreak is expected to cut by more than half tourism receipts for the 2014/15 season. During 2014?15, the impact of the shocks on the balance of payments, offset in part by lower global fuel prices, is estimated to be 40 million (over 5 percent of 2015 GDP). Policy slippages and persistent financial difficulties in public enterprises have exacerbated the problems and pushed The Gamb

This paper discusses progress by The Gambia under the Enhanced Heavily Indebted Poor Countries Initiative, and recommends that the Executive Directors of the International Development Association and the International Monetary Fund approve the completion point for The Gambia under the Enhanced HIPC initiative. In the opinion o f the staffs, The Gambia has made satisfactory progress in achieving the completion point triggers, notably preparing and implementing a Poverty Reduction Strategy Paper (PRSP), maintaining a stable macroeconomic environment, setting up mechanisms to ensure efficient and