Gambia - Project FinancingGambia - Project Financing
The Gambia is a member of many multi-lateral development institutions, including the World Bank and the African Development Bank, as well as specialized multi-lateral UN institutions which provide the bulk of project financing in The Gambia. The Ministry of Finance and Economic Affairs also houses a Project Coordination Unit (PCU) which is responsible for managing government projects. Most of these projects are financed through loans and grants. Following the change in government, the European Union has also increased its donor engagement with the GOTG. As a condition for approving and financing projects, strict procurement rules are followed. Bidding for these procurements are open to US firms.
U.S. Commercial Service Liaison Offices at the Multilateral Development Banks (World Bank)
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help businesses that create U.S. jobs learn how to get involved in bank-funded projects and how to connect to other parts of the International Trade Administration, including the U.S. Field; the overseas network of Commercial Service offices; and, in Washington, desk officers, sectoral experts and the Advocacy Center.
Web Resources
Commercial Liaison Office to the African Development Bank [http://www.export.gov/afdb]
Commercial Liaison Office to the World Bank [http://export.gov/worldbank]