The Gambia's economy grows, but its tax base shrinks
What happened
The Gambia's economy is growing faster than it used to. But the government is not collecting more money from taxes. This means the country has less cash to spend on public services and new infrastructure.
Why it matters
Many developing countries struggle to turn economic growth into government revenue. This paper shows The Gambia is stuck in that trap. It means the country depends on outside help to fund basic services, instead of building its own financial strength.
The signal
Watch for new aid programs from the World Bank or other lenders that focus on helping The Gambia collect more taxes.