#Headlines

WB approves US$30m for Gambia to advance reforms in electricity, telecom sectors

May 18, 2020, 1:24 PM

WASHINGTON, May 14, 2020—The World Bank Board of Executive Directors approved today a $30 million development policy grant to support The Gambia’s efforts to improve debt and public investment management, improve financial viability and service delivery in the energy and telecom sectors, and enhance the transparency and governance framework of State-Owned Enterprises (SOEs).

“This first in a series of two programmatic Development Policy Operations supports The Gambia’s efforts to undertake fundamental reforms to improve fiscal management for better public service delivery,” said Elene Imnadze, World Bank Resident Representative.

This Development Policy Operation will ensure public investment projects are appraised as per National Development Plan priorities and support the adoption of a new procurement bill to eliminate the use of single source procurement and tighten the emergency clause for its use.

The financing will also help enhance the financial and operational performance of the energy utility in order to provide cheaper, more reliable and cleaner energy. In addition, it will support the ring fencing of the telecom infrastructure and restructuring of the SOEs in that sector to strengthen the digital economy.

“This operation will support the government in strengthening fiscal transparency and reducing fiscal risks and promote a governance framework to ensure long-term sustainability of the SOE sector,” said Mehwish Ashraf, World Bank Country Economist and co-Task Team Leader.

This first operation is aligned with the development priorities of the Government as reflected in the National Development Plan for 2018-2021 which identifies economic stabilization, growth stimulation and structural transformation as key priorities for The Gambia.

Read Other Articles In Headlines
Pharmaceutical
Pharmaceutical Society of Gambia gives to MoH
Apr 17, 2020, 1:52 PM

As stakeholders join efforts to stem the spread of Covid-19 in the country, the Pharmaceutical Society of The Gambia on Wednesday presented locally made hand sanitizers to the Ministry of Health at a ceremony held at the Ministry’s complex in Banjul.

Armed Forces bill validated
2020 Gambia Armed Forces Bill Validated
Dec 22, 2020, 10:51 AM

As part of government’s legal and security sector reform agenda in 2019, the Ministry of Justice requested technical assistance from the Geneva Centre for Security Sector Governance (DCAF) for the review of The Gambia Armed Forces Act.

Myanmar
Gambia calls on Myanmar military to release detainees
Feb 4, 2021, 12:28 PM

The Gambia government expresses its concern over the recent military takeover in Myanmar, describing it as “worrisome political developments particularly with so many civilian leaders being detained.”

NPP v3
NPP spends over D40M in year 2021
Dec 29, 2022, 12:17 PM

President Barrow led political party, the National People’s Party (NPP), on Wednesday revealed that the party’s 2021 total expenditure amounted to D40,411,600 (forty million, four hundred and eleven thousand six hundred dalasis) and a surplus deficit of D4,300, 400 (four million, fifty three thousand four hundred dalasis).