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Gambia - Completion Point Document under Theenhanced HIPC Inititiave

28-Feb-2008

On December 19, 2007, the Republic of The Gambia became the 19 th regional member country (RMC) to reach completion point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved a HIPC assistance of US$ 66.6 million in end-1999 NPV terms for The Gambia which includes US$ 15.8 million debt relief under the enhanced HIPC from the bank Group. There was no topping-up assistance for The Gambia.

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