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Brief information on Gambia
| Short-term | No cover facilities available for public buyers. Cover facilities are available for transactions with contract values of up to EUR 250,000 for affiliated companies or companies which belong to an international group the creditworthiness of which is beyond doubt or if informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral. Under wholeturnover policies cover for future deliveries will be automatically suspended if payment is not received eight weeks after the agreed due date at the latest. |
|---|---|
| Medium/long-term | No cover facilities available for public buyers. Cover facilities are available for smaller transactions on a case-by-case basis, in particular foreign exchange-generating projects of private buyers and state-owned buyers provided that they are established as private sector organizations and operate without recourse to public funds. In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions. |
| Collateral | For short-term transactions collateral is not normally required. For medium and long-term transactions bank security is required if the foreign buyer’s creditworthiness is inadequate. |
| Country risk category | 7 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Gambia (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Gambia will be pleased to answer your questions
- on single transaction cover: Ms Sissi Gerstenkorn, phone: +49 (0) 40 / 88 34 - 95 49
- on revolving and wholeturnover cover: Mr Holger Ehrich, phone: +49 (0) 40 / 88 34 - 90 26
- on economic analyses: Mr Martin Schmerbach, phone: +49 (0) 40 / 88 34 - 90 80