Gambian Diasporas send money to Gambia, which aids the economy of the country. In an unexpected move, the Gambia’s state holds the first “Consultative Meeting between the Government of the Republic of the Gambia and Gambians in the Diaspora” in January 2012, through its Ministry of Foreign Affairs, International Cooperation, and Gambians Abroad. The key goal of the Consultative Meeting, according to a press statement from the Gambian President’s Office, is to leverage the strengths and talents of Gambians in the Diaspora, including those working in international organizations and those involved in private projects, which can benefit the country.
Because of the complicated relationship between the Gambia’s government and Gambians in the Emigrants, especially those who disagree with the government’s policies, this came as a surprise to many Gambians. Although many Gambians in the Diaspora remain dissatisfied with the democratization process, the government has maintained a distance from the Diaspora Gambians, accusing them of refusing to contribute to their economic growth.
What Is The Contribution Of Remittance To The Economy Of The Country As Compare To Other Sub-Saharan Nations?
Though money transfers to Gambia are low in absolute terms compared to other Sub-Saharan African countries, the country’s total remittances as a percentage of GDP is among the highest in Africa. According to a recent World Bank survey, remittances to the Gambia as a percentage of GDP were 8.2% in 2010, trailing only Lesotho, Togo, Cape Verde, and Senegal. Remittances (including informal transfers) to The Gambia as a percentage of GDP were 13 percent in 2007, 12 percent in 2009, and 11 percent in 2010, according to a report by Orozco, Banthia, and Ashcroft.
Why Is Government & Gambian Diaspora Collaboration Necessary?
The Gambia relies heavily on online money transfers to Gambia for its financial needs. As a result, the Gambia government should reconsider its relationship with Gambians in exile while maintaining a positive rapport. Gambians in exile may contribute financial resources and other capital to help foster trade and investments, leading to job creation and economic development. With a new banking system and the Gambia’s Central Bank’s recent attempts to modernize its payment system, it’s time for the Gambia’s leadership to improve its strained relationship with Gambians living abroad.
For many Gambians, however, this change should be made in conjunction with much-needed political changes and ways to make it easier for Gambians to return home and sending money to Gambia online while they are away from their home country.