Through IDA, the World Bank supports projects in basic education, energy, public resources management and agriculture. Stretching for km along the Gambia river, the country is surrounded by Senegal, except for a km Atlantic Ocean front. The country is one of the smallest in Africa, covering about With people per square kilometer, it is one of the most densely populated countries in Africa. The Gambia is a multiparty republic.
Under the constitution, the President is the head of state and government, is elected by universal suffrage to a five-year term. The Presidential Election led to the end of the autocratic rule of former President Yahya Jammeh, who was in power from to Subsequent presidential elections took place on December 4, The next presidential election is expected to take place in December , though the exact dates have not yet been confirmed.
Economic growth is expected to accelerate to 5. Industry decelerated following the completion of major infrastructure projects in preparation for the Organization of Islamic Cooperation OIC Summit. Private investment and consumption, supported by remittances, and public consumption, driven by the hosting of the OIC Summit, boosted growth on the demand side.
Yearly inflation is expected to slow moderately to While inflation, especially for food prices, remains around Growth is projected to average 5. However, it is expected to decelerate in as a result of capital spending based fiscal consolidation.
The fiscal deficit is set to decrease to 2. Public debt is expected to continue to decline to The current account deficit CAD is projected to be almost halved to 4. The banking industry continues to be stable, with healthy financial soundness indicators. Building on past and ongoing assistance, this partnership between the World Bank Group and The Gambia covers 3 priority areas:. Enabling Inclusive and Resilient Private Sector Driven Job Creation to support the efforts to create an enabling business environment that fuels job creation by investing in infrastructure, strengthening the role of commercial agriculture, boosting the tourism sector, and increasing urban, coastal and climate resilience.
