Banjul,
19 December 2019 – EU Budget Support and Technical Assistance contribute to
macro-economic stability, economic governance and support the implementation of
the National Development Plan as well as ongoing political and legislative
reforms required to consolidate democracy and the sound management of public
finances for the benefit of the population of The Gambia.
On
19 December 2019, the EU transferred a tranche of 22 million euros to the
National Treasury of The Gambia, as per the State and Resilience Building
Contract agreed between the European Union (EU) and the Government of The
Gambia. Since EU and The Gambia intensified their relations in 2017, the
European Union has so far transferred a total of 77 million euros in grant
financial assistance to The Gambia to support reforms to improve its
governance, public financial management and service delivery in the country.
EU
Budget Support involves the transfer of funds directly to the National Treasury
of The Gambia. EU-funded Technical Assistance helps to improve the overall
capacity of Gambian administration to better manage its public finances.
With
the transition to a democratic regime in 2017, the EU opened a new chapter in
EU-Gambia relations. A programme of budget support and technical assistance is
accompanied by a broad and intensive political and policy dialogue between the
EU and The Gambia. Through its support, the EU contributes to the short-term
stabilisation of public finances and to consolidating good economic and
financial governance, the improvement of transparency and accountability while
simultaneously supporting the ongoing political and legislative reforms.
“With
this programme of Budget Support and the Technical Assistance the EU encourages
the Gambian authorities to continue to improve management of public funds with
the aim of advancing its National Development Plan,” says Ambassador Attila
LAJOS, the Head of Delegation to the Republic of The Gambia.
