{"id":34887,"date":"2023-05-13T10:30:01","date_gmt":"2023-05-13T10:30:01","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=34887"},"modified":"2023-05-14T07:13:12","modified_gmt":"2023-05-14T07:13:12","slug":"gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects","title":{"rendered":"Gambia signs over US$70M IsDB financing agreements for development projects"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The Government of The Gambia represented by the Minister of Finance and Economic Affairs with a delegation has signed three financing agreements totaling USD 70.1 million during the Annual Meetings of the Islamic Development Bank (IsDB) Group taking place from 10th to 13th May 2023 in Jeddah, Kingdom of Saudi Arabia under the patronage of The Custodian of the Two Holy Mosques, King Salman bin Abdul-Aziz Al Saud.<\/b><\/p>\n

The first agreement of Fifteen Million Three Hundred and Ten Thousand United States Dollars (US$ 15.310 million) Concessional Loan is signed with IsDB for the widening of the Bertil Herding Highway Phase II Project. This Phase links the end point of Phase I at the Senegambia roundabout down to the intersection of Sitting Corner on the Banjul-Serrekunda highway.<\/p>\n

The objective of this project is to improve transportation efficiency, reduce traffic congestion, promote economic growth, increase accessibility to goods and services, and enhance safety for vehicles and pedestrians. The project will include the construction of a third overpass at Kairaba Avenue, the addition of 4 roundabouts, the installation of raised crosswalks for pedestrian crossings, additional guard rails, and street lighting among others.<\/p>\n

The second is a Master Murabaha Agreement with the International Islamic Trade Finance Corporation (ITFC) of US$35 million that will be available to NAWEC for the importation of petroleum products.<\/p>\n

The third one, also part of the Master Murabaha Agreement is the tune of US$20 million for GNPC to facilitate the importation of petroleum products from eligible countries.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The Government of The Gambia represented by the Minister of Finance and Economic Affairs with a delegation has signed three financing agreements totaling USD 70.1 million during the Annual Meetings of the Islamic Development Bank (IsDB) Group taking place from 10th to 13th May 2023 in Jeddah, Kingdom of Saudi Arabia under […]<\/p>\n","protected":false},"author":84,"featured_media":34885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[2355,2361,260],"class_list":["post-34887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nGambia signs over US$70M IsDB financing agreements for development projects - Gambia<\/title>\n<meta name=\"description\" content=\"The Government of The Gambia represented by the Minister of Finance and Economic Affairs with a delegation has signed ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gambia signs over US$70M IsDB financing agreements for development projects\" \/>\n<meta property=\"og:description\" content=\"The Government of The Gambia represented by the Minister of Finance and Economic Affairs with a delegation has signed ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-13T10:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-14T07:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/05\/postQueueImg_1683955296.47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gambia signs over US$70M IsDB financing agreements for development projects\",\"datePublished\":\"2023-05-13T10:30:01+00:00\",\"dateModified\":\"2023-05-14T07:13:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/05\/postQueueImg_1683955296.47.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gambia-signs-over-us70m-isdb-financing-agreements-for-development-projects\",\"name\":\"Gambia signs over US$70M IsDB financing agreements for development projects - 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