Gambia project 635-0232 · 1991–1995 · Checchi and Co. Consulting, Inc. (CCCI)

Program to support financial and economic policy reforms in The Gambia that will increase private investment and the growth of private enterprises, to include legal and tax reforms and privatization of parastatals. The program consists of a cash grant of $9 million tied to the conditionality noted below. Complementary TA, training, and commodity procurement will be provided under project 6350237. The program will focus specifically on helping the Government of The Gambia (GOTG) to eliminate constraints to increased investment in resource-based, export-oriented economic sectors, including commercial production and processing of traditional and nontraditional oilseed and grain crops and horticulture products, and the capture or culture and processing of marine fish and seafood. Program dollars will be used by the GOTG for servicing official debt, with given to debts to the United States, second to multilateral debts, and third to other bilateral debts. The funds will be disbursed in three equal tranches, with the first tranche contingent upon, inter alia, GOTG review of projects in its Public Investment Program, primarily with respect to cost control; divestiture of all groundnut-

Source: DEC abstract, PD-BCE-193 (1991). The source's own text.