By Mahzouba Maya Faal
His Excellency the Vice President of The Gambia, Mohammed B.S. Jallow has recently held a significant meeting with a delegation from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. The delegation was accompanied by the Minister of Finance. The discussions centered on fostering private sector investment through Public-Private Partnerships (PPPs).
Key areas of focus during the meeting included the energy sector, affordable housing, and tourism.
The IFC is committed to supporting the establishment of a 150-megawatt solar plant in The Gambia, with 50 megawatts expected to commence soon. This initiative is anticipated to significantly enhance the country’s electricity generation capacity, with energy being recognised as a crucial catalyst for national transformation.
Affordable housing was also highlighted as a priority for both the government and the IFC, with plans to scale up investments to make housing more accessible for Gambians.
Additionally, the tourism sector was discussed, with an emphasis on enhancing and expanding this vital industry. The meeting underscored the importance of collaboration between The Gambia and the IFC in driving growth across these critical sectors.
