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
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 3,665,000
Status Implementation

Project General Description

The Inclusive Growth Promotion Institutional Support Project (IGPISP) in The Gambia is designed to strengthen the capacities of key private and public institutions engaged in private sector development promotion. The project will 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 skills development courses. It will help addressing the key medium-term constraints and challenges related to the lack of diversification of the economy. The project has three (3) components: (i) Export and Investment Promotion; (ii) Entrepreneurship Development; and (iii) Project Management. The first two components are linked and mutually contributing to sustainable and inclusive growth. Special emphasis is given to one core cross-cutting issue critical to inclusive growth namely, gender. This project will therefore contribute significantly to poverty reduction by promoting women economic empowerment and ensuring wealth creation. The estimated total project cost is UA 4,072.4 million for a 36 months implementation period (January 2017 – December 2019).

Project Objectives

The overarching goal 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 project outcomes are: (i) Enhanced business enabling environment; and (ii) Local businesses expanded. In the long run, the project will contribute in generating higher output, greater employment and increased income for the poor.

Beneficiaries

The project covers the entire territory of The Gambia, with total population estimated at 1.849 million. The direct beneficiaries will be 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, the Ministry of Finance and Economic Affairs, and the Gambia Public Procurement Authority (GPPA). Indirect beneficiaries will 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 28 May 2020

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Contact Details

Name ARVANITIS Yannis
Email y.arvanitis@afdb.org

Geographic Location

Country Gambia