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Foday Joof

Foday Joof Risk Management Officer at Central Bank of The Gambia

Unlocking the Potential of The Gambia's Capital Market: Where do we start?

Introduction: With a projected infrastructural financing gap of about $1 billion by 2030, the launching of The Gambia's first capital market in 2023 marks a significant step toward enhancing the country's abilty to meeting its development targets. The establishing of the vibrant capital market is crucial in fostering the country’s long-term sustai...

/markets

Foday Joof

Foday Joof Risk Management Officer at Central Bank of The Gambia

Rethinking The Financial System Amidst Climate Externalities in The Gambia

Overview Financial development is crucial for economic growth but can also serve as a double edge sword for the environment, as it contributes to both environmental quality and degradation by either exacerbating climate shocks via credit channels to eco-unfriendly industries or mitigating them by financing eco-friendly ventures. Global sustainable...

/sustainable /markets

Foday Joof

Foday Joof Risk Management Officer at Central Bank of The Gambia

Revisiting the Sunken Billions: The Gambia's Perspective

Wild-captured fisheries are critical for food security and economic growth. However, poor fisheries management practices have resulted in overfishing, causing fisheries stock depletion. The Gambia provides a remarkable context as nearly 100% of fish protein consumed in The Gambia is sourced from wild catch. Furthermore, the country often signed ag...

Foday Joof

Foday Joof Risk Management Officer at Central Bank of The Gambia

Exchange Market Pressure Index: Predicting Currency Crises in The Gambia

Summary: The author constructed an exchange rate market pressure index (EMPI) as an early warning signaling mechanism for predicting currency crises in The Gambia using monthly data from 2002 to 2023. The analysis revealed that the Gambian economy suffered six major currency crises during the period under review. These episodes stemmed from both ...

/markets

Foday Joof

Foday Joof Risk Management Officer at Central Bank of The Gambia

Valuable Insights from The Gambia Government's Asset Recycling Agreement with AFRICA50

Introduction: The Gambia government embraced the Asset Recycling (AR) scheme of Africa50, an infrastructural investment platform established by 33 African governments, the Africa Development Bank, the Central Bank of West African States and Bank Al-Maghrib. The deal entails a $100 million for the recycling of the famous Senegambia Bridge for a per...

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