The EU announced on Thursday it has released 338 million dalasis for the budget of The Gambia.
“With this release of the third budget support tranche under the current State and Resilience Building Contract, the EU encourages the Gambian authorities to continue to improve the management of public finances and supports The Gambia’s national priorities, including in areas related to the electoral processes and constitutional reforms,” said Ambassador Corrado Pampaloni, the Head of European Union Delegation to the Republic of The Gambia, according to a statement.
In response to the outbreak of the covid-19 crisis, with this third tranche of an ongoing budget support operation, the EU has contributed almost EUR 40 million, equivalent to around 2.4 billion GMD, the statement by the EU delegation in The Gambia said.
Since the start of the democratic transition in 2016, the EU said it has contributed almost 6.8 billion GMD to the national budget of The Gambia.
Budget support consists of direct financial transfers to the national treasury of The Gambia. These transfers rely on policy dialogue, capacity building, and a performance assessment in areas related to, among others, democratic governance, respect for human rights, and the sound management of public finances.
