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The EU disburses 22 million Euros of Budget Support to the National Treasury of The Gambia

M.E Njie by M.E Njie
December 20, 2019
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The EU disburses 22 million Euros of Budget Support to the National Treasury of The Gambia
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On 19 December 2019, the EU transferred a tranche of 22 million euros to the National Treasury of The Gambia, as per the State and Resilience Building Contract agreed between the European Union (EU) and the Government of The Gambia. Since EU and The Gambia intensified their relations in 2017, the European Union has so far transferred a total of 77 million euros in grant financial assistance to The Gambia to support reforms to improve its governance, public financial management and service delivery in the country.

EU Budget Support involves the transfer of funds directly to the National Treasury of The Gambia. EU-funded Technical Assistance helps to improve the overall capacity of Gambian administration to better manage its public finances.

With the transition to a democratic regime in 2017, the EU opened a new chapter in EU-Gambia relations. A programme of budget support and technical assistance is accompanied by a broad and intensive political and policy dialogue between the EU and The Gambia. Through its support, the EU contributes to the short-term stabilisation of public finances and to consolidating good economic and financial governance, the improvement of transparency and accountability while simultaneously supporting the ongoing political and legislative reforms.

“With this programme of Budget Support and the Technical Assistance the EU encourages the Gambian authorities to continue to improve management of public funds with the aim of advancing its National Development Plan,” says Ambassador Attila LAJOS, the Head of Delegation to the Republic of The Gambia.

For more information please contact:

Evangelina Blanco Gonzalez, Programme Manager

Else Boonstra, Political officer

Delegation of the European Union to the Republic of The Gambia

Phone: 00 220 4495146/4497846

http://eeas.europa.eu/delegations/gambia/index_en.htm

https://www.facebook.com/EUinTheGambia/

Tags: accountabilityAmbassador Attila LAJOSBudgetEUPublic financestransparency
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M.E Njie

M.E Njie

Mamadou Edrisa Njie is the Publisher and Managing Editor of Mansa Banko Online. Mansa Banko Online is a Gambia-based online newspaper focusing on agricultural reporting. The online medium reports on quality, reliable, factual and authoritative information. Mr. Njie is an alumna of the International Institute for Journalism (IIJ) in Germany and studied Mass Communication at the Institute of Professional Administration and Management (IPAM) in Banjul, The Gambia.

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