|Approval Date||23 Sep 2015|
|Signature Date||26 Oct 2015|
|Planned Completion Date||31 Jul 2021|
|Last Disbursement Planned Date||31 Jul 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
Management submits the following Report and Recommendation on a proposed grant for UA 2 million on ADF grant to finance the Institutional Support for Economic and Financial Governance phase III project (ISEFG III) in The Gambia. ISEFG III is a project designed to strengthen the capacities of key public institutions engaged in public financial management. The project will help consolidating the gains from the previous two phases (ISEFG I & II) and address the new emerging challenges. It aims to promote inclusive growth and macro-economic stability by enhancing domestic resource mobilization and reinforcing fiscal discipline through improved transparency, efficiency, and effectiveness of resource allocation and execution in line with pro-poor policies. It is anchored around the recommendations from the 2014 PEFA (Public Expenditure and Financial Accountability) and the priorities of the Public Financial Management Reforms Comprehensive Strategy (2012-2016).
In the short run, the expected project outcomes are: (i) enhanced domestic resources mobilization; and (ii) greater strategic allocation, expenditures control, transparency, and scrutiny of government budget. In the long run, this will strengthen and leverage the impact of the national budget on delivery of services, and poverty reduction more broadly.
The direct beneficiaries of this project will be the Gambia Revenue Authority, Gambia Public Procurement Authority, Women’s bureau, Ministry of Finance and Economic Affairs, National Audit Office, and the Finance and Public Accounts Committee of the National Assembly. The private sector including women entrepreneurs will be indirect beneficiaries through the establishment of the Gambia Institute of Chartered Accountants and the effectiveness of the tax and customs administration. Indirect beneficiaries will also include broader population of The Gambia through improved allocation, execution and scrutiny of public expenditures which should help to ensure that public resources are allocated to, and used in the delivery of relevant, efficient and effective public services.
African Development Fund
Department of State for Finance and Economic Affairs (DOSFEA)
|Last Update||31 Oct 2019|