The World Bank issued a statement on Tuesday, May 10 to announce the disbursement, via the International Development Association (IDA), of $20 million to the Government of The Gambia. These funds will help strengthen the country's fiscal resilience.

This grant is intended to support the Gambian government in fiscal management (debt, public investment and financial sustainability) and reform of the energy and telecommunications sectors. It will also serve to strengthen the transparency and governance of state-owned enterprises. It is part of the World Bank's Financing of Development Policy (DPF). The ultimate objective of this financing is to create "fiscal space for investments in human capital and physical infrastructure, in order to boost growth and accelerate poverty reduction in the medium term."