Gambia First Boosting Resilience and Unlocking Productive Potential DPF with Cat DDO

The development objective of First Boosting Resilience and Unlocking Productive Potential Development Policy Financing with a Catastrophe Deferred Drawdown Option Project is to support The Gambia’s efforts to (i) unlock its productive potential; (ii) strengthen procurement, economic governance of SOEs, and domestic revenue mobilization; and (iii) strengthen climate and social resilience. This operation is the first in a programmatic series of two single-tranche DPF operations designed to boost The Gambia’s resilience to shocks and unlock its productive potential in the medium term. The reform program is based on three pillars: Pillar 1 – Unlocking the productive potential. Reforms aim to tackle bottlenecks in key enabling sectors by supporting the diversification of the energy mix while creating the conditions for private sector participation in the energy sector, facilitating agri-food development and exports, fostering competition, and leveling the playing field in the groundnut sector. Reform measures will, for example, focus on creating the conditions for enabling the use of digital and electronic payments. Pillar 2 – Strengthening procurement, economic governance of SOEs and domestic revenue mobilization. Reforms aim to build fiscal space and improve transparency and efficiency in the use of public resources and institutions by strengthening the efficiency of the procurement system, improving competitive neutrality, enhancing the governance, performance, and oversight of state-owned enterprises (SOEs), and boosting domestic revenue collection, with the aim to build the capacity of The Gambia to absorb shocks while improving debt sustainability. Pillar 3 – Strengthening climate and social resilience. Reforms aim to strengthen The Gambia’s adaptation and resilience to climate change. Reform efforts primarily focus on improving the disaster risk management (DRM) and financing framework and the adaptive social protection system, ensuring that the needs of...