Gambia - Inclusive Growth Promotion Institutional Support Project


Project Summary

Approval Date 30 Mar 2017
Signature Date 11 May 2017
Planned Completion Date 30 Jun 2021
Last Disbursement Planned Date 30 Jun 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 3,665,000
Status Implementation

Project General Description

The Inclusive Growth Promotion Institutional Support Project (IGPIP) is an institutional support project. It is designed to strengthen the capacities of key private and public institutions engaged in private sector development promotion. This project will address key medium-term constraints and challenges related to the lack of diversification of the economy. It should also deliver improved capacity and institutional development through a range of interventions including focussed skills transfer from technical advisors, delivery of a range of training and skill development courses. The estimated total project cost is UA 4,072.4 million, of which UA 2,572.9 million in foreign currency (63%) and UA 1,499.5 million in local currency (37%). The expected project outcomes are: (i) enhanced business enabling environment ; and (ii) local business expansion. In the long run, the project should contribute in generating higher outputs, greater employment and increased income for the poor. The project has three (3) components: (i) export and investment promotion ; (ii) entrepreneurship development; and (iii) project management.

Project Objectives

The purpose of the project is to promote inclusive growth by enhancing economic governance through strengthened capacities of key public and private institutions engaged in private sector development. The expected results of the project are: (i) improvement of the business environment; and (ii) development of local businesses. In the long term, the project will help to increase production, create more jobs and increase the incomes of the poor.

Beneficiaries

The direct beneficiaries of this project are the Gambia Chamber of Commerce and Industry, the Gambia Investment and Export Promotion Agency, the Social Development Fund, the Gambia Women Finance Association, Women’s Bureau, the Central Bank, the FIU and the Gambia Public Procurement Authority (GPPA). Indirect beneficiaries include private businesses including youth and women, and broader population of The Gambia through improved business environment and increased activities of domestic businesses.

Participating Organization

Funding
African Development Fund
Implementing
Ministère des Finances et des Affaires économiques

Information

IATI identifier 46002-P-GM-KF0-002
Last Update 31 Oct 2019

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Contact Details

Name ARVANITIS Yannis
Email y.arvanitis@afdb.org

Geographic Location

Country Gambia