15 April 2014

Gambia, WB Ink Over U.S.$28 Million for Key Projects

The government of The Gambia and the World Bank (WB) on 9th April 2014 signed in Washington D.C a Financing Agreement for three key projects in the education, health and agriculture sectors of the former.

A press release from the Ministry of Finance and Economic Affairs, said the projects were signed on behalf of both parties by the minister of Finance and Economic Affairs, Kebba Satou Touray, and the WB country director for The Gambia, Vera Songwe, at the Spring Meeting.

"The Projects are; The Gambia READ Project amounting to US$5M for the Ministry of Basic and Secondary Education; the Commercial Agriculture and Value Management Project amounting to US$15M for the Ministry of Agriculture to support Land Development and value addition to Agricultural Products; and the Maternal and Child Nutrition Health Results Projects amounting to US$8.7M for the Ministry of Health and Social Welfare," it indicated.

The projects, according to the release, were designed and aligned to the Programme for Accelerated Growth and Employment (PAGE) and the Vision 2020. "It is hoped that the impact of the projects will help in achieving the aspiration of the leadership of H.E Sheikh Prof. Dr. Alh. Yahya AJJ Jammeh and the Gambian people. The Honorable Minister of Finance and Economic Affairs took this opportunity to thank the World Bank and our beloved partners for their continued support and interest in the development of The Gambia," a release signed by the permanent secretary at the Ministry concluded.

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