21 December 2007
Gambia has been provided with a significant aid package that will help the country to develop its economy without being forced to repay crippling debts.
The country has been provided with a $140 million package of relief from the International Monetary Fund (IMF), which will ensure the country is able to thrive and establish new infrastructure.
Tsidi Tsikata, IMF mission chief for Gambia, said: "Gambia has made good progress toward securing macroeconomic stability and has established a good track record of policy implementation in 2007."
The funding will allow the country to work on a range of infrastructure and other developments that will help to ensure the long-term economic stability of the country and will provide an even greater opportunity for tourism in the region.
Tourism to Gambia offers a major potential for generating significant revenue for the country, meaning it will need to put much effort into establishing new facilities for visitors to enjoy, so as to keep them coming back.
