Gambian Economic Crisis Deepens, Transparency Center Warns

Lamin Dibba, Executive Director of the Centre for Budget and Macroeconomic Transparency (CBMT), has issued a stark warning regarding the escalating economic crisis in The Gambia. He highlighted that the nation is grappling with persistent inflation, a continuously depreciating dalasi, and significantly weak domestic production. In an interview conducted at the CBMT office in Brusubi, Dibba elaborated on the fundamental weaknesses plaguing the Gambian economy. He stated that the country's economic framework suffers from a lack of both domestic and external investment. This deficiency is further compounded by a substantial increase in the national debt. Dibba pointed out that the government has been borrowing heavily, leading to a precarious debt situation. He expressed concern that the current economic trajectory is unsustainable and poses a significant threat to the country's stability and future development. The CBMT's assessment underscores the urgent need for comprehensive economic reforms and strategic interventions to address these critical issues.