News & Analysis: Gambia

The Gambia to Strengthen Health Care Delivery in the Face of COVID-19

“The World Bank Board of Executive Directors approved a $30 million grant from the International Development Association to improve the quality and utilization of essential health services in The Gambia. “

via World Bank

Gambia Tourism to Suffer $292 Million Loss Due to Coronavirus

“Gambia stands to lose $292 million as global travel restrictions imposed in the wake of the coronavirus pandemic wreak havoc with the country’s tourism, a key source of foreign exchange. Government revenue from the hospitality industry is forecast to decline by $108 million this year, while the sector as a whole is forecast to suffer a loss of $184 million, according to an impact assessment by the national bureau of statistics.”

via Bloomberg

African Fiscal Vulnerabilities: Effects of 2020 Global Support Initiatives

“Fiscal vulnerabilities among African sovereigns had been building up in the years leading to 2020’s pandemic, driven by challenging economic conditions; unfavourable changes in exchange rates and commodity prices; in addition to significant borrowing, including loans from China, which today is Africa’s largest bilateral lender, alongside greater bond issuance.”

via Scope Ratings

The promise of digitising cash transfers in sub-Saharan Africa during COVID-19 and beyond

“This year, the coronavirus pandemic has forced governments to grapple with difficult questions regarding lockdowns, contact tracing and the provision of emergency financial assistance to citizens now without work. In developing countries, these hardships are magnified with the World Bank estimating that remittances – money transfers sent from foreign workers to their home countries – to low and middle-income countries (LMICs) are projected to fall by 19.7 percent (from $554 billion in 2019 to $445 billion in 2020). Considering the significant role that remittances play in alleviating poverty and improving nutrition, many governments have turned to mobile cash transfers for vulnerable citizens to use while minimising COVID-19 exposure.”

via Africa Portal

African Development Bank approves $53 million COVID-19 response grant for Gambia, Liberia, and Sierra Leone

“The African Development Bank’s Board of Directors on Friday approved a UA 38.15 million ($53.25 million) multi-country grant to The Gambia, Liberia and Sierra Leone in the form of direct budget support to bolster efforts to fight the COVID-19 pandemic in the three West African countries.”

via AfDB

‘The pandemic is gaining momentum’: Africa prepares for surge in infections

“After months in which Africa escaped the worst of the coronavirus pandemic as the global centre shifted from Asia to Europe and then to the Americas, the number of African infections — and deaths — has begun to increase sharply.”

via Financial Times

How 7 African scientists got stranded at sea after COVID-19

“When virus broke out, 21 scientists from Morocco, Mauritania, Senegal, the Gambia and Spain were already partway through a voyage off the coast of northwest Africa.”

via The Star (Kenya)

African countries drop COVID-19 curbs in effort to limit economic harm

“Many governments lifted the strictest restrictions several weeks ago, but most recognise that weak health systems are unlikely to be able to cope with a big wave of infections. Many are seeking local solutions to contain specific outbreaks.”

via The Guardian

COVID-19: African Development Bank mobilizes $22 million for low-income ECOWAS countries

“The Bank is making $22.4 million available for the project, approved by the Board on May 22. Part of the funding, $9.55 million, will provide screening tests, laboratory equipment, ventilators and personal protective equipment for medical personnel in the three countries. The remaining $12.83 million will be used to strengthen and integrate the health systems of Gambia, Mali and Niger to better address the pandemic.”

via AfDB

Meeting Africa’s urgent liquidity needs while protecting its access to international markets

“A solution to finance Africa’s commercial debt service could free up over $44bn of fiscal space for Africa in 2020, providing immediate liquidity to governments – a much needed immediate bridge to renewed growth for Africa and the global economy.”

via New African Magazine