By Lamin Njie
The International Monetary Fund’s financial assistance to The Gambia has seen the fund give the country one billion dalasis, the minister of finance Mambury Njie said on Tuesday.
Countries around the world including The Gambia have been on the look out for funds to fight the coronavirus pandemic.
IMF has given The Gambia financial assistance of up to one billion dalasis under its rapid credit facility, Mambury Njie confirmed to the country’s lawmakers in Banjul on Tuesday.
The finance minister said: “The other information I want to give is the RCF facility from IMF. It has now landed in our account.
“It’s a facility they normally, with the COVID, they provide the facility in dollar denominated to the Central Bank and Central Bank convert it into dalasis and it has landed in our account. It’s about one billion dalasis. That we have now, as of yesterday.”
