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Wednesday, February 24, 2021

India opens new US$45 million credit line to Gambia

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Speaking after the signing ceremony, the deputy managing director of Exim Bank, Mr Debasish Malick expressed his satisfaction with the progress being made in the implementation of development projects being funded by his bank in The Gambia. 

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Minister Touray recalled India’s support in the tractor projects as well as the New Assembly building and promised that the current projects will be effective and efficiently implemented to the satisfaction of both parties. He also expressed the need for the relationship to continue.

Mr Ebrima Sanyang, the managing director of Nawec, expressed his gratitude for The Gambia to be provided with the credit facility. The credit he said will facilitate the provision of water and electricity to the people of The Gambia and said the funds will improve and sustain the gains made in Nawec’s services.

The Gambia’s ambassador to India, Mr.Dembo Badjie, described the signing ceremony as a “a dream come true”.  He appealed to the bank to help fast track the implementation of the project, noting that there is an urgent need to change the asbestos pipes in use at the moment. Ambassador Badjie said, his embassy will continue to achieve results in its collective endeavour to develop The Gambia under the visionary leader of President Jammeh.

Other members of the Gambian delegation to India were Abdou Jobe Minister of Trade Regional Integration and Employment, Mr Mod Ceesay permanent secretary, Ministry Of Finance and Economic Affairs and Mr Alieu Jallow state counsel, Ministry of Justice. 


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