Finance Minister Njie Welcomes World Bank US$30 Million Grant Support
Quadrangle, Banjul, 15th 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, has 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 ringfencing of the telecom infrastructure to strengthen the digital economy.