Gambia Receives US$4 Million for Poverty Alleviation And the Building of Capacity for Local Governments World Bank (Washington, DC) PRESS RELEASE June 21, 2005 Posted to the web June 22, 2005 Washington, DC The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$4 million to help the Government of The Gambia improve living conditions of the urban population and, in particular, the poor. The Supplemental Poverty Alleviation and Capacity Building credit will enable the project to substantially increase performance indicators for the total number of subprojects and strengthen the sustainability and impact of the program to build the capacity of local government authorities to mobilize and manage resources. The additional credit will help ensure the completion of the portfolio of unfunded sub-projects and consolidate the gains of the Gambian Agency for the Management of Public Works on employment generation. It will also allow for a close supervision of the actual impact of capacity building activities on local resource mobilization and the local governments' budgets. "The project will help train small-scale entrepreneurs and consultants in the construction sector and provide institutional strengthening to local government authorities," said Christian Diou, the World Bank Task Team Leader for the project. Other project activities will include the upgrading of Kayupa Road in Serrekunda, Brikama Carpark in Banjul, the extension of water supply network in Kombo North, the extension of water supply in Brikama and in Gambissara, and the construction of sheds for small-scale enterprises in Basse to help sustain the development of small-scale entrepreneurship. It is also expected to fund improvements to the Bakoteh disposal site, benefiting Banjul City Council, Kanifing Municipal Council and the Brikama Area Council. * The credit is provided on standard International Development Association (IDA) terms, with a commitment fee of 0.35 percent, a service charge of 0.75 percent over a 40 year period of maturity which includes a 10-year grace period. For more information on the World Bank's work in sub-Saharan Africa visit: http://www.worldbank.org/afr For more information on the World Bank's work in the Gambia visit: http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/GAMBIAEXTN/0,,m enuPK:351644~pagePK:141159~piPK:141110~theSitePK:351626,00.html For more information about this project visit: http://web.worldbank.org/external/default/main? pagePK=64027221&piPK=64027220&theSitePK=351626&menuPK=351672&Projectid=P0942 81 ---------------------------------------------------------------------------- Copyright © 2005 World Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). ---------------------------------------------------------------------------- ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://maelstrom.stjohns.edu/archives/gambia-l.html To Search in the Gambia-L archives, go to: http://maelstrom.stjohns.edu/CGI/wa.exe?S1=gambia-l To contact the List Management, please send an e-mail to: [log in to unmask] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤