World Bank
Board of Executive Directors has approved US$6 million for The Gambia in grant
financing by the International Development Association (IDA) that will provide
urgently needed assistance to address 2011 - 2012 national crop failure in the
country.
According to a statement from the World
Bank’s Dakar Office, the funds is part of Gambia First Economic Governance and
Reform Grant and the first in a series of two such Development Policy Grants
covering 2012 to 2013.
The initiative will support the
implementation of the country's Programme for Accelerated Growth and Employment
(PAGE), which aims at improving the living conditions of the Gambian population
by implementing cross-cutting reforms to diversify the economy and thereby
reduce its vulnerability to external shocks.
“The full impact of the lower-than-expected
harvest in The Gambia is now becoming apparent,” says Vera Songwe, World Bank
Country Director for Gambia, Senegal, Cape Verde, Guinea Bissau and Mauritania.
The grant will also help to tackle
some of the policy reforms in The Gambia’s agricultural policy necessary to
reduce the vulnerability of the sector.
With 60 per cent of the population
dependent on agriculture, poverty and malnutrition are rising in the country.
It
would be recalled that the Gambian government declared in March that it
urgently needed US$23 million "to provide food, seeds, and
fertilizer" to the farming population due to the 2011-2012 faming season
drought resulting from severe crop failure and a corresponding soaring of food
prices.
The Ministry of Agriculture had stated that the 2011 farming season post-harvest assessment indicated an over 70% reduction in total crop production.
The Ministry of Agriculture had stated that the 2011 farming season post-harvest assessment indicated an over 70% reduction in total crop production.
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