The Gambia Threshold Program
The Gambia Threshold Signing Ceremony
Watch the ceremony to sign MCC's $25 million threshold program with The Gambia focused on the energy sector.
The Gambia is the smallest country on the African mainland. In 2021, the population reached approximately 2.5 million, with a majority living in urban areas in the districts surrounding the capital, Banjul. The Gambia is one of the most urbanized countries on the continent with both high internal mobility and external migration, especially to Europe. More than 79 percent of the population is under 35 and youth unemployment, at 38 percent, is one of the highest in the region.
In recent years, the electrification rate has increased to over 50 percent and The Gambia has committed to an ambitious goal of achieving universal electrical access by 2025. The Gambia has also committed to reduce CO2 emissions in alignment with the 2015 Paris Accords, with a focus on imports from Senegal, Guinea, and Côte d’Ivoire, and domestic solar generation.
In November 2021, MCC and the Government of The Gambia signed a $25 million Threshold Program. The grant will support The Gambia’s biggest constraint to economic growth: the unreliable and inadequate supply of electricity. The investment will focus on two projects: Power Sector Governance and Power Sector Operations.
Financials
Financials as of June 30, 2023
Program Budget
Milestones
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Signed:
November 16, 2021 -
Entry Into Force:
June 29, 2022