According to the Minister of Finance and Economic Affairs, Seedy Keita, the total public and publicly guaranteed (PPG) debt stood at 99.03 billion dalasi (615.53 Million dollars), as at the end 2022.
The Government made this disclosure in the 2023 Financial Risk Management Report, which was recently published by the Gambia Government through the Finance Ministry.
As the country experiences constraints in revenue earnings, the IMF has approved an immediate disbursement of about US$ 6.72 million to The Gambia to help meet the country’s financing needs, to address the repercussions of the war in Ukraine, and support the post-pandemic recovery. Hence the debt burden will continue to increase and the future will tell what the end will be. At this moment, there is no end at sight to the growing debt burden.