Page 26 - Economic transformation

would, in turn lead to higher GDP growth rates and an acceleration in economic

transformation.

Private sector development with relevant social protection interventions to protect
and/or mitigate against the excesses of the markets

Private sector development is important for the creation of quality jobs. Jobs, in

turn, facilitate (through income) personal development whilst providing a social status

that is most likely to ensure that the populace is participates and is engaged in the

economy and society. When people are engaged in their societies, economies, and politics,

they are not only more productive; they also contribute to stability and development in

their communities and countries.

Figure 13: Top ten business environment constraints in The Gambia

Source: Gambia Enterprise Survey 2018

Private sector development however needs to be facilitated. Figure 13 above

presents the top ten business environment constraints facing the private sector in the

country. As can be seen from the Figure, The Gambia performs much better in all but

two indicators when compared to the rest of Sub-Saharan Africa. These are access to

finance and electricity. Coincidentally, the UN Gambia RCO CCA Regional focus paper

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