The Ministry of Finance and Economic Affairs wishes to clarify recent reports by The Fatu Network regarding payments to Karpowership.
Karpowership was fully paid earlier this year through an advance payment made by the Government of The Gambia. This advance was made on the understanding that, once the World Bank disburses the approved US$45 million package, the Government will be reimbursed for the Karpower arrears already settled.
It is therefore correct that:
The Minister’s briefing to the National Assembly regarding the use of World Bank funds to settle Karpower arrears is accurate, and
While Karpowership has already received payment, the World Bank financing will still cover the arrears via reimbursement of the advance provided by Government.
The Ministry appreciates the clarification shared by the Turkish Embassy and confirms that there is no discrepancy between the parties involved. This was a sequencing matter, government paid first, and the World Bank will reimburse upon disbursement.
The Ministry urges all media houses to verify information from official sources before publication to ensure accurate reporting and public understanding.
The Ministry of Finance and Economic Affairs remains committed to transparent and accurate communication and continues to work closely with all partners to ensure clarity in public financial management.
The Ministry of Finance and Economic Affairs wishes to clarify recent reports by The Fatu Network regarding payments to Karpowership. Karpowership was fully paid earlier this year through an advance payment made by the Government of The Gambia. This advance was made on the understanding that, once the World Bank disburses the approved US$45 million The Fatu Network
