African Development Bank and Others to Support The Gambia
The African Development Bank (ADB), The European Union, and The World Bank, on Tuesday signed a Memorandum of Understanding (MOU) with the Government of The Gambia for General Budget Support Programme (GBSP) delivery mechanism in The Gambia.Register your new Gambian domain name (DOM-REG) here and get the whole 2009 for free!
According to a press release issued by the Ministry of Finance, Signatory parties are signatories to the Paris Declaration on Aid Effectiveness and the achievement of the Millennium Development Goals through alignment and harmonization agenda. The release adds that the MOU sets a partnership framework for a common approach to Budget Support, with the main objective of harmonizing development partner’s budget support programs within existing administrative and statutory provisions stipulated in bilateral financing arrangements with participating development partners.
The rationale of the Budget Support program is to support the Government’s own growth and poverty reduction objectives as stated in its Poverty Reduction Strategy Paper (PRSP) II, maximizing the reliance on country systems and procedures.
The Government of The Gambia and signing parties issued the following statement:
“Development partners welcome corrective actions undertaken by The Gambia in the areas of institutional, structural and macroeconomic reforms aimed at improving its systems, procedures and processes toward improving aid effectiveness in the country”.
The MOU partnership framework according to the release creates a common approach to development programming, implementation and evaluation between the Government of The Gambia and Development Partners. “The program will provide direct and non-targeted general budget support for the attainment of PRSP II’s objectives, with a particular focus on the social sectors (health and education). Disbursements will be partially linked to the achievement of agreed target levels for selected performance indicators” the release said. The release indicated that the program will also contribute to the Public Financial Management (PFM) reform, Civil Service reform, the revitalization of the groundnut sub-sector, and improving roads maintenance.












