Banjul (GMTV2) : The European Union has transferred 22 million euros to the National Treasury of The Gambia , On 19 December 2019, base on the State and Resilience Building Contract agreed between the European Union (EU) and the Government of The Gambia.
The EU and The Gambia renewed 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.
After 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.
According to Ambassador Attila Lagos , the Head of EU Delegation to the Republic of The Gambia.” 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 “.
Sources : Delegation of EU to the Republic of The Gambia.