Standard Chartered Bank Gambia hosted a Thought Leadership Forum on The Gambia Economic Outlook on Thursday 5th March 2020 at Coco Ocean Resort and Spa. This is part of efforts to enhance the relationship between the Public Sector and the Organised Private Sector.
The event was attended by stakeholders, members of the diplomatic corps, policy makers, members of the private sector as well as major players from the financial sector.
In his welcome address K.O Adenowo, CEO Standard Chartered Bank, Gambia said as a responsible institution we want to assist the government and most importantly the citizenry in The Gambia to discuss the 2020 Budget, The Gambia Economic Outlook with key focus being on “Opportunities and Challenges”.
The 2020 budget highlight as it relates to the key drivers of economy form an important part in today’s discussion as national budgets provides investors, businesses, non-profits, citizens and others a sense of where the current government will invest in or support specific initiative.
He thanked the panelists and the audience for gracing this occasion and assured them of the bank’s commitment to promote dialogue through forums like this.
The panelists were Mamadou Dioulde Barry Resident Representative IMF, Mehwish Ashraf Country Economist World Bank, Alieu Secka CEO GCCI and Bai Madi Ceesay, Director of Budget at the Ministry of Finance and Economic Affairs. The session was moderated by Mustapha John.
Emmanuel Kwapong, Standard Chartered Bank’s Africa Economist responsible for The Gambia presented the global macroeconomic outlook, the outlook within Africa, The Gambia and the forecasted impact of the corona virus on both the local and the global economy.
The interactive Forum drew key stakeholders and diverse representatives from most sectors in The Gambian economy who asked important questions and gave positive recommendations on the way forward.