AFRICAN DEVELOPMENT BANK AFRICAN DEVELOPMENT FUND

THE GAMBIA AfDB/WORLD BANK JOINT ASSISTANCE STRATEGY 2012-2015

COVER NOTE

REGIONAL DEPARTMENT WEST II October 2012

TABLE OF CONTENTS Page 1

I.

INTRODUCTION

II.

EXPERIENCE AND LESSONS FROM THE JAS-1

1

III.

AFDB PROGRAM UNDER THE JAS-2

2

IV.

AFDB CURRENT PORTFOLIO – HIGHLIGHTS

3

V.

CONCLUSION AND RECOMMENDATION

4

Table 1:

AfDB Lending Program under the JAS

3

Table 2:

Current Active AfDB Portfolio

4

ABBREVIATIONS AND ACRONYMS AAA ADF AfDB APPR APR ASPA APRC BADEA CAR CFAA CGP CPIA CPIP CPPR CSP DFID DPL ECOWAS EPA ESW FDI FIAS GBOS GDA GDP GER GGC GNI HIPC ICA IDA IDB IFAD IFMIS IPP JAS MDG MDRI MOA MOFEA MTEF NAO NAWEC NPC

Analytical and Advisory Activities African Development Fund African Development Bank Annual Portfolio Performance Report Annual Progress Report Agribusiness Services and Producers’ Association Alliance for Patriotic Reorientation and Construction Arab Bank for Economic Development in Africa Commitments at Risk Country Financial Accountability Assessment Country Governance Profile Country Policy and Institutional Assessment Country Program Implementation Plan Country Portfolio Performance Review Country Strategy Paper Department for International Development (UK) Development Policy Lending Economic Community for West African States Environmental Protection Agency Economic and Sector Work Foreign Direct Investment Foreign Investment Advisory Service Gambia Bureau of Statistics Gambia Divestiture Agency Gross Domestic Product Gross Enrollment Rate Gambia Groundnuts Corporation Gross National Income Heavily Indebted Poor Country Investment Climate Assessment International Development Association Islamic Development Bank International Fund for Agricultural Development Integrated Financial Management Information System Independent Power Producer Joint Assistance Strategy Millennium Development Goal Multilateral Debt Relief Initiative Ministry of Agriculture Ministry of Finance and Economic Affairs Medium Term Expenditure Framework National Audit Office National Water and Electricity Company National Planning Commission i

OBA ODA OMVG PAGE PAR PBL PFM PRGF PRSP PURA SDR SNFO UA UNDP WAMZ WAPP WB

Output-Based Aid Official Development Assistance Gambia River Basin Development Organization Program for Accelerated Growth and Employment Project at Risk Policy Based Lending Public Financial Management Poverty Reduction and Growth Facility (IMF) Poverty Reduction Strategy Paper Public Utilities Regulatory Authority Special Drawing Right Senegal Field Office (AfDB) Unit of Account United Nations Development Program West African Monetary Zone West African Power Pool Project World Bank

CURRENCY EQUIVALENTS As of 31 August 2012 1 UA=49.86 GMD 1 UA = US$1.522 1 US $ = 32.25 GMD WEIGHTS AND MEASURES Metric System FISCAL YEAR 01 January – 31 December

ii

I.

INTRODUCTION

1.1 The Boards of Directors of the African Development Bank Group (AfDB) approved the first AfDB/World Bank (WB) Joint Assistance Strategy (JAS-1 2008-2011) in March 2008 (Doc. ADB/BD/WP/2008/40-ADF/BD/WP/2008/21). The JAS-1 assessed The Gambia’s development challenges and prospects for sustained growth and poverty reduction, and proposed the following pillars: (i) strengthening the institutional framework for economic management and public service delivery, and; (ii) strengthening the productive sector and enhancing growth and competitiveness. 1.2 By the end of 2011, i.e. the last year of JAS-1, the strategy was fully implemented. The Gambia’s country’s allocation of UA 8.32 million during ADF 11 (all grants) has been committed and the lending program implemented as programmed. The new len