World Bank’s country director lauds Gambia’s economic growth
The World Bank’s outgoing country director in Gambia Louise Cord said on Wednesday that she was impressed with the fact that the country’s economy was back on track for a 6-percent growth.
The diplomat was at the State House to bid farewell to Gambian President Adama Barrow after three years of service.
“The economy has been restored, growth is about 6 percent, which is a very promising situation, inflation is also down to 6 percent,” Cord said.
She also expressed delight for being part of the country’s economic transformation under the current government.
However, for the inclusive growth to be sustained and for everyone to benefit, Gambia needs to continue to see important investments in energy, reform, and telecommunication sectors to ensure efficiency, Cord added.
World Bank has provided several financial assistance to the West African country in recent years, including a 56 million U.S. dollar budget support in 2017.