Gambia: The government is ready to meet the geopolitical and economic challenges-Minister of Finance

0

The Minister of Finance and Economic Affairs Hon. Seedy Keita said the Gambian government is committed to addressing the current geopolitical and economic challenges through the “formulation of responsible fiscal policies and sustainable sector strategies” to improve the country’s standard of living and the well-being of citizens.

He made the remarks while delivering a speech at the joint launch of two agricultural projects held recently at the Sir Dawda Kairaba Jawara Conference Centre.

Organized by the Central Project Coordinating Unit (CPCU) under the Ministry of Agriculture, the total of the two projects is valued at $56 million and is to be implemented within five years across the country. country.

The duration of the GIRAV Inclusive and Resilient Agriculture Value Chain Development Project in The Gambia is 2022 to 2026 and funded by the World Bank to the tune of $40 million, while the Global Agriculture and Food Security, otherwise known as Global GAFSP, is receiving funding from The Gambia Agriculture and Food Security Project (GAFSP) to the tune of $16 million with the African Development Bank (AfDB) as supervising entity.

The objective of the projects is to support and promote the development of inclusive, resilient and competitive market-driven agricultural value chains, with a particular focus on smallholder farmers and agribusiness.

Among the expected results are contribution to improved market access, increased sales and competitiveness as well as increased productivity and resilience to climate change.

Mr. Keita further said that the launch of these agricultural projects is another milestone in the “strong and proven partnership between the Government of The Gambia, the World Bank and the African Development Bank”.

He said the solutions sought revolved around strong efforts to rebuild political and economic relations with The Gambia’s traditional development partners, as well as to cultivate and consolidate partnerships with emerging partners.

He said The Gambia’s relationship with development partners is key to achieving the long-term development goals as enshrined in the National Development Plan, the African Union’s Agenda 2063, the United Nations 2030 Agenda and the Sustainable Development Goals.

Share.

About Author

Comments are closed.