Showing posts with label Gambia Civil Service Loan Scheme. Show all posts
Showing posts with label Gambia Civil Service Loan Scheme. Show all posts

Thursday, December 13, 2012

Gambia government to start giving development loan to civil servants in 2013


Civil servants in The Gambia now have all the reasons to smile as the government has budgeted D25 million to be given out as development loan to civil servants starting from January 2013.  

The Civil Service Loan Scheme will help civil servants to supplement their meagre salaries and empower themselves economically.
Hon. Kolley

However, the Minister of Finance and Economic Affairs, who disclosed the scheme, has said the loan will only be provided to qualified civil servants, though he is yet to publicly establish the criteria that will be used to know who is qualified. 

He has not also said whether the loan will be interest-free or not.

Finance Minister Abdou Kolley disclosed this escape-poverty loan scheme on 3 December 2012 at the National Assembly in Banjul while presenting the 2013 Annual Estimates of Revenue and Expenditure of the Government of The Gambia for the fiscal year January to December 2013.

However, some people have doubted the scheme’s sustainability and also raised fear that it might be politicised.

Nevertheless, if properly done, the plan could work as a deterrent to brain drain from the civil service that has for a long time seen government employees seek greener pastures in the private sector or abroad.