Gambiaj.com – (BANJUL, The Gambia) – The Vice President of The Gambia, H.E. Mohammed B.S. Jallow, held a pivotal meeting this afternoon 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, reflecting the high level of importance the government places on the discussions.

The focus of the meeting was to explore and encourage private sector investment in The Gambia through Public-Private Partnerships (PPPs). These partnerships are seen as crucial in driving the country’s economic growth and development across several key sectors.

One of the primary areas of discussion was the energy sector. The IFC committed to providing targeted support for the establishment of a 150-megawatt solar power plant in The Gambia. This project, with 50 megawatts expected to be operational in the near future, is poised to significantly enhance the country’s electricity generation capacity. The move is expected to be a game-changer for The Gambia, where energy is recognized as a critical driver of national development and transformation.

Affordable housing was another major topic on the agenda. Both the government and the IFC underscored the importance of increasing investments in this sector to provide more accessible and affordable housing options for Gambians. The focus on housing aligns with the government’s broader goals of improving living standards and reducing the housing deficit in the country.

The tourism sector, a vital component of The Gambia’s economy, also featured prominently in the discussions. The IFC and the Gambian government explored avenues for enhancing and expanding the tourism industry, which has the potential to generate significant revenue and create jobs for the local population.

This meeting underscores the strong collaboration between The Gambia and the IFC in driving growth and development across these critical sectors. The discussions reflect a shared commitment to leveraging PPPs as a tool for economic transformation, positioning The Gambia for sustained growth and prosperity.