#Headlines

Finance minister welcomes WB US$30m grant for energy- telecom sectors 

May 18, 2020, 1:11 PM

Press release

Quadrangle, Banjul, 15 May 2020 – Following the announcement of a US$30 million development policy grant to The Gambia, the Minister of Finance and Economic Affairs, Honourable Mambury Njie, on behalf of the government of The Gambia, on Friday expressed gratitude to the World Bank Board of Executive Directors for the development assistance.

‘‘It shows that as a country, we are doing well economically and have successfully reached the targets set despite the challenges we face,’’ said Hon. Njie, while thanking his team and the President of the country, His Excellency, Adama Barrow for creating the enabling environment.

‘‘It is based on the economic performance of the country that we can access all these funds and we hope to be able to sustain this performance.’’

The World Bank grant will help enhance the financial and operational performance of NAWEC to provide cheaper, more reliable, and cleaner energy. Additionally, it will support the restructuring and ring fencing of the telecom infrastructure to strengthen the digital economy.

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