The Vice President, H.E Mohammed B.S Jallow, this afternoon, met with a delegation from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, who were accompanied by the Minister of Finance. The meeting focused on encouraging private sector investment through Public-Private Partnerships (PPPs).
Key discussion points included:
1. Energy Sector: The IFC will provide focused support for the establishment of a 150-megawatt solar plant in The Gambia, with 50 megawatts expected to commence soon. This initiative is poised to significantly boost the country’s electricity generation capacity, as energy is seen as a key catalyst for national transformation.
2. Affordable Housing: Affordable housing was highlighted as a priority area for both the government and the IFC, with plans to increase investment to provide more accessible housing options for Gambians.
3. Tourism Sector: The meeting also discussed investments in the tourism sector, with the goal of enhancing and expanding this vital industry.
The meeting underscores the importance of collaboration between The Gambia and the IFC in driving growth across these important sectors.
