Does the Gambia have its own regulatory system?

The Gambia has its own regulatory system that it designs with stakeholders from the international community of NGOs. International norms or standards referenced or incorporated into the country’s regulatory system are often based on the United Kingdom system of regulations. The Gambia is a member of the WTO.

Does the Gambia have a private sector?

The Gambia does have an active private sector. The government has announced its support for encouraging local investment and attracting foreign direct investment.

Why has The Gambia been re-selected?

The Gambia has made sustained progress in strengthening democratic institutions, maintaining sound economic policies, and investing in its people. As a result, it was re-selected by the Millennium Challenge Corporation’s (MCC) Board of Directors (Board) to continue developing a threshold program.

Does the Gambia have a Land Governance Assessment Framework?

The Gambia ranks 132 on the 2018 World Bank Rankings for Registering Property and 21 for Dealing with Construction Permits. To date, the Land Governance Assessment Framework (LGAF) implementation in The Gambia has been practically non-existent.

Does the Gambia have a legal system?

The Gambia's legal system is based on Common Law, which does not have a written commercial and/or contractual law. The constitution provides for an independent judiciary, and although the courts are not totally free from influence of the executive branch, they have demonstrated their independence on occasion.

What are the investment laws and regulations of the Gambia?

The investment laws and regulations of The Gambia apply equally to local and foreign investors. The laws include provisions related to competition, labor, and corruption, but some of these provisions are unclear. In some instances, regulations do not exist to effectively implement the laws.