ion in October 2000. Those agreements mandate progress in
privatization and fiscal discipline. France provided additional
financial support in January 1997 after Gabon had met IMF targets
for mid-1996. In 1997, an IMF mission to Gabon criticized the
government for overspending on off-budget items, overborrowing from
the central bank, and slipping on its schedule for privatization and
administrative reform. The rebound of oil prices in 1999-2000 helped
growth, but drops in production hampered Gabon from fully realizing
potential gains. In December 2000, Gabon signed a new agreement with
the Paris Club to reschedule its official debt. A follow-up
bilateral repayment agreement with the US was signed in December
2001. Gabon signed a 14 month Stand-By Arrangement with the IMF in
May 2004, and received Paris Club debt rescheduling later that year.
Short-term progress depends on an upbeat world economy and fiscal
and other adjustments in line with IMF policies.

Gambia, The
The Gambia has no significant mineral or natural
resource deposits and has a limited agricultural base. About 75% of
the population depends on crops and livestock for its livelihood.
Small-scale manufacturing activity features the processing of
peanuts, fish, and hides. Reexport trade normally constitutes a
major segment of economic activity, but a 1999 government-imposed
preshipment inspection plan, and instability of the Gambian dalasi
(currency) have drawn some of the reexport trade away from The
Gambia. The government's 1998 seizure of the private peanut firm
Alimenta eliminated the largest purchaser of Gambian groundnuts; the
following two marketing seasons saw substantially lower prices and
sales. Despite an announced program to begin privatizing key
parastatals, no plans have been made public that would indicate that
the government intends to follow through on its promises.
Unemployment and underemployment rates remain extremely high;
short-run economic progress depends on sustained bilateral and
multilateral aid, on responsible government economic management, on
continued technical assistance from the IMF and bilateral donors,
and on expected growth in the construction sector.

Gaza Strip
High population density, limited land access, and strict
internal and external controls have kept economic conditions in the
Gaza Strip - the smaller of the two areas under the Palestinian