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.

Copyright © 2014 The Daily Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.