World Bank approves US$41 million grant for Gambia

the world bank
The world bank

The World Bank announced on Thursday that it has approved the sum of 41 million U.S. dollars for the government of Gambia as a contribution to electricity project.

A statement said that the World Bank executive directors have approved the grant to help the West African country in the Electricity Restoration and Modernization Project.

“The project will help improve the operational performance of the Project Implementing Entity and improve the capacity of the Project Implementing Entity to dispatch variable renewable electricity,” World Bank says.

The funding will be disbursed by the International Development Association (IDA), one of the financial branches of World Bank.

The global financial institution has approved numerous projects for Gambia since the administration of President Adama Barrow, including the budget support of 56 million dollars in July, 2017.

Gambia has been struggling with acute power outages which affect the growth of businesses in the country as well as living condition of people. Enditem

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