Gambia - Emergency Budget Support (GEBS)

The Gambia Emergency Budget Support (GEBS) Project is an operation, which aims at contributing to the urgent restoration of fiscal stability and the improvement of budget management for inclusive growth in the Gambia. It is part of an overall emergency support package from development partners (AfDB, World Bank, EU and IMF) aimed at responding to the dire fiscal, debt and balance of payment situation in the wake of the recent political transition – while ensuring continued human development support. Indeed, the Gambia faced a macroeconomic crisis with a fiscal and debt overhand as the recent political upheaval has exacerbated the country’s deep-rooted macroeconomic vulnerabilities. The programme, which will contribute to creating the fiscal space necessary to finance economic stabilisation, will help not only to stimulate economic growth, but also to meet pressing social needs in terms of education, health and social protection for the most vulnerable segments of the population. The GEBS consists of two (02) components, namely: (i) addressing the fiscal overhang while mitigating the impact on the most vulnerable; and (ii) Improving financial management in support of fiscal efforts.