Directorate of Loans and Debt Management

Mission Statement

To contribute to the macroeconomic development of the country by making sure that governments financing needs are met at the lowest possible cost consistent with a prudent degree of risk.

Ebrima L.S. Darboe

Ebrima L.S. Darboe
Director of Loans and Debt Management

Ebrima L.S Darboe is the Director of Loans and Debt Management at the Ministry of Finance and Economic Affairs, The Gambia. In this role, he is mandated with policy, strategy and operational management of The Gambia Public Debt, and works with both national and international institutions as partners, to help the country have a sound policy and legal environment to fund its development programs from domestic and external sources of finance.

While a Director, he has worked with the World Bank in 2015 as a Voice Seconded staff, and during this period, he worked with INT Vice Presidency. In addition, he worked at World Bank Treasury Department where he was able to secure a Technical Assistant support from the Bank to develop a first of its kind Borrowing Plan Tool for The Gambia in collaboration with a consultant.

Mr. Darboe served for three years as Principal Loans Officer at the Ministry of Finance and Economic Affairs. During this period, he was the head of Operations and spearheaded the implementation of debt management best practices aligned with the objective of reducing public debt risks and exposures.

Before joining the Ministry of Finance and Economic Affairs, Mr. Darboe worked as Head of Credit and Risk Management Department at International Commercial Bank, in 2010. He was responsible to manage and advise on bank portfolio and credit risk exposure from loan applications and big customers.

Mr. Darboe holds a double master’s degree of MSc in Finance and MSc in Project Planning and Management from Leeds Metropolitan University and University of Bradford in UK respectively. He also obtained a BA in Economics and Social Policy from University of West of England, Bristol, UK and a National Certificate in Integrated Rural Development (RDI), The Gambia.

  • Core Mandate

    The Directorate of Debt Management (DLDM) is the main unit in the Ministry of Finance (MoF) responsible for debt management. It deals with all aspects of public debt management (both domestic and external) including designing a national public debt strategy, conducting debt sustainability analyses, participation in loan negotiations, approving disbursements, effecting payments of government public debt, maintaining a comprehensive, loan-by-loan database on government and government-guaranteed external debt and on external grants to the government in CS-DRMS, coordinating with the Central Bank of The Gambia regarding the issuance of domestic debt instruments for fiscal purposes. DLDM analyzes proposed guarantees and on-lending terms, participate in the issuance of guarantees and the on-lending loan agreements and monitor the government guaranteed and on-lent loans.

    This Directorate is the Government's main channel of communication with the external creditors and donors with responsibility for interacting with the IMF and World Bank on debt sustainability analyses (DSAs) and debt strategy formulation and implementation.

    DLDM serves as the Secretariat to the Aid and Debt Management Coordinating Committee (ADMCC) and coordinates all interaction of the different agencies with respect to debt strategy formulation and implementation.

  • Objectives
    1. Making sure that Government financing needs are met at the lowest possible cost,
    2. Consistent with a prudent degree of risk.
    3. Domestic Market Development
  • Strategies

    Medium Term Debt Management Strategy

  • Key Achievements
    1. MTDS Review on an annual basis
    2. Annual public debt bulletin
    3. Successful introduction of the 3 year Government bond
  • Downloads (10)
    2017 Public Debt Bulletin
    2017 Public Debt Bulletin
    Mid-Term Debt Strategy 2017-2020
    Mid-Term Debt Strategy 2017-2020
    Debt Sustainability Analysis - 2015
    Debt Sustainability Analysis - 2015
    Annual Public Debt Bulletin - 2013
    Annual Public Debt Bulletin - 2013

    This debt bulletin reviews the Gambia’s public debt portfolio and debt management practices as outlined in the debt strategy. It also highlights new developments in public debt management in 2013. 

    Annual Public Debt Bulletin - 2014
    Annual Public Debt Bulletin - 2014

    This debt bulletin reviews the Gambia’s public debt portfolio and debt management practices as outlined in the debt strategy. It also highlights new developments in public debt management in 2014. 

    Annual Public Debt Bulletin - 2015
    Annual Public Debt Bulletin - 2015

    This debt bulletin reviews the Gambia’s public debt portfolio and debt management practices as outlined in the debt strategy. It also highlights new developments in public debt management in 2015. 

    Annual Public Debt Bulletin - 2016
    Annual Public Debt Bulletin - 2016

    This debt bulletin reviews the Gambia’s public debt portfolio and debt management practices as outlined in the debt strategy. It also highlights new developments in public debt management in 2016. 

    Medium Term Debt Management Strategy - 2011-2014
    Medium Term Debt Management Strategy - 2011-2014

    Review of the Medium-term Debt Management Strategy (MTDS) - 2011 - 2014

    Medium-term Debt Management Strategy - 2016-2019
    Medium-term Debt Management Strategy - 2016-2019

    Review of the Medium Term Debt Management Strategy (MTDS) - 2016 - 2019

    Medium Term Debt Strategy (MTDS) - 2015-2017
    Medium Term Debt Strategy (MTDS) - 2015-2017
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