Gov’t denies Gambia at Risk of Debt Distress

The Gambia government has denied that the country is at high risk of debt distress, saying according to auditing done by international organizations, Gambia’s profile, if anything, is not at a debt distress level, contrary to the revelation made by a study report on the establishment of national civil society education fund.

Finance Minister 

The report states that The Gambia is still classified as high risk of debt distress even though the country received extensive debt relief under the Highly Indebted Poor Countries and Multilateral Debt Relief Initiatives in 2007.

“No, The Gambia is not in any way at a debt distress level,” said Finance and Economic Affairs Minister Mambury Njie recently.  “I think if anything our recent CPIA rating has improved in a major variable and that is the proper management of the economy.”