Gambia - Emergency Budget Support (GEBS)


Project Summary

Approval Date 26 Mar 2018
Signature Date 03 May 2018
Planned Completion Date 26 Mar 2019
Last Disbursement Planned Date 31 Dec 2018
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 5,000,000
Status Completion

Project General Description

The Gambia Emergency Budget Support (GEBS) is a crisis response budget support operation which aims at contributing to the urgent restoration of fiscal stability and the improvement of budget management for inclusive growth in the Gambia. It will help to addressing the challenge of the dire fiscal, debt and balance of payment situation in the wake of the recent political transition while ensuring continued human development support. Indeed, the Gambia faced a macroeconomic crisis with a fiscal and debt overhand as the recent political upheaval has exacerbated the country’s deep-rooted macroeconomic vulnerabilities. The programme, which will contribute to creating the fiscal space necessary to finance economic stabilisation, will help not only to stimulate economic growth, but also to meet pressing social needs in terms of education, health and social protection for the most vulnerable segments of the population. The GEBS consists of two (02) components, namely: (i) addressing the fiscal overhang while mitigating the impact on the most vulnerable; and (ii) Improving financial management in support of fiscal efforts.

Project Objectives

GEBS’s main objective is to contribute to the creation of conditions for fiscal stability, and growth, and set the basis for future structural reforms. In doing so, it will contribute to ensuring that social spending is protected from budget cuts, in order to cushion the most vulnerable.

Beneficiaries

The direct beneficiaries of the program include Ministry of Finance and Economic Affairs (MoFEA) and other sector ministries supported by the project such as, the Ministry of Health, and the Women’s bureau through the maintenance of their respective funding. The indirect beneficiaries from the proposed GEBS will be the people of The Gambia, who have been severely affected by the macroeconomic crisis.

Participating Organization

Funding
African Development Fund
Implementing
Ministère de l’Économie et des Affaires financières (MoEFA)

Information

IATI identifier 46002-P-GM-KA0-009
Last Update 07 Oct 2019

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Contact Details

Name ARVANITIS Yannis
Email y.arvanitis@afdb.org

Geographic Location

Country Gambia