EU Signs D3,75B Package to Support Gambia’s Path to Democracy

EYEAFRICA TV: Banjul, THE GAMBIA: European Union Commissioner for International Cooperation and Development, Tuesday said the Union is staunchly willing to partner with The Gambia on its path towards democracy. In the presence of the country’s president Adama Barrow, Mr Neven Mimica signed an immediate package of some 3,75 billion dalasi and announced the signing of a subsequent package of about 7,5 billion dalasi before the end of 2017.
Following an audience with President Barrow this morning, the European Union announced a new disbursement of 1,25 billion Dalasi to the Government of the tiny West African nation.
This support is expected to stabilise the national budget and contribute to the balance of payments.
Democratic transition
Following the audience with President Barrow, Mrs Carla Montesi, Director for West and Central Africa at the European Commission Directorate of International Cooperation and Development said, “Today’s disbursement is an important step forward for EU’s development partnership with the Gambian Government. We remain committed to supporting Gambians in their democratic transition.”
Mrs. Montesi said with the unprecedented grant, EU aims to promote sound public financial management, mobilising domestic resources, fighting corruption and supporting political reforms. “The EU is also looking forward to strengthening its relations with The Gambia in the fields of migration and economic development and in particular support to youth employment.”

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