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The Gambia Economic Update : The Gambia Public Debt - An Achilles Heel?

Public debt in The Gambia has soared over the last decade, reversing gains achieved through the Heavily Indebted Poor Countries (HIPC) Initiative in 2007, raising concerns about its impact on the economy. After halving to 38% of GDP following the HIPC initiative in 2007, total public debt has soared over the last decade to reach 84% of GDP in 2022. […]