EU gives €55 million for budget support and good governance to Gambia

/, Press Release/EU gives €55 million for budget support and good governance to Gambia

On November 08, 2018, a new programme of budget support was formally validated. The European Commission has decided to give 55 million to help The Gambia’s sustainable and inclusive growth.

 The State and Resilience Building Contract will support the democratic transition period of The Gambia.

 It will contribute to improve Governance, Public financial management and Service delivery.

 The duration of this new programme will be of two years for the Budget Support component and three years for the Technical Assistance part.

With the transition to a democratic regime the EU opened a new chapter in EU-Gambia relations, following the change of government. Since then, a broad and intensive political dialogue between the EU and The Gambia is ongoing.

The EU’s immediate priority in The Gambia is indeed to contribute to stabilising the political, security and financial situation of the country in order to guarantee that democracy takes roots and to show to the most vulnerable groups of the population and to the youth the democratic dividends of the transition.

This new programme intends to provide predictability of funding, at the time the government will need fiscal space to finance basic public services’ delivery, and the costs of the transition related to the most urgent reforms needed to consolidate democracy, rule of law and public governance, in a still constrained fiscal environment.

EU Policy dialogue associated to the budget support operations is considered as a valuable input to monitor the overall ownership of the government towards the state building objectives and more globally to its transition and reform agenda that the EU intends to support.

“With this programme of Budget Support the EU should simultaneously and swiftly contribute to the short-term stabilisation of the public finances and support the announced political reforms” says Ambassador Attila LAJOS, the Head of Delegation in the Republic of The Gambia.

2018-11-16T12:47:45+00:00

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