This Third Edition of The Gambia Economic Update continues the practice of providing an annual assessment of recent economic developments in The Gambia, with a focus on a special topic. The objective is to inform the Government of The Gambia, the academic community, the public, the World Bank’s senior management, and development partners of the state of the country’s economy and the structural reforms required to address development challenges facing The Gambia. It contributes to the dialogue on policy options to enhance macroeconomic management and accelerate progress on the twin goals of eliminating extreme poverty and promoting shared prosperity in a context of state fragility.