The World Bank Country Director for the Gambia, Senegal, Guinea Bissau and Mauritania, Nathan M. Belete stated that the support was the bank’s commitment to responding to the needs of the poor and vulnerable in The Gambia.
"This budget operation of $20 million is a testament of the World Bank’s endorsement of the efforts of the government to try and strengthen its institutions, microeconomics performance and also to confirm its commitment to responding to the needs of the poor and vulnerable in The Gambia," he said.
The World Bank provides financial and technical support to developing countries with the overarching aim of ending poverty and promoting shared prosperity; ensuring everyone has access to essential services regardless of ability to pay is a critical part of this drive.
The budget support projects throughout the COVID-19 global health emergency contain significant policy conditionality. On average, each budget support programme requires the recipient government to implement 8 policy reforms to secure funding.
