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GAMBIA - Emergency Budget Support (GEBS) - Appraisal Report

03-May-2018

Management submits the following proposal and recommendation concerning a proposed ADF grant of UA 5 million to the Republic of The Gambia as Emergency Budget Support (GEBS). The Crisis Response Budget Support (CRBS) operation is the Bank’s contribution to a concerted effort from development partners (AfDB, World Bank, EU and IMF) to provide an emergency response in support of the recent political transition in the Gambia and the ongoing economic crisis. CRBS operations are designed to address shocks that have an impact on public finances and which can be dealt with through injecting funds into the national budget. In this case, the country lived through a series of shocks in the past 4 years (Ebola virus on the tourism sector, bad harvests in 2014 and 2016 and political uncertainties at end-2016/early 2017). The CRBS is thus justified by (i) a political crisis that has significantly affected the public finances in a context in which providing additional resources urgently contributes to support the ongoing transition and by (ii) compounded and recent exogenous macroeconomic shocks – i.e. affecting variables outside the control of the government. (Operational Guidelines on the Programming, Design and Management of Program-Based Operations ADF/BD/IF/2014/35)

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