While there are some policies and measures in place, more concrete steps must be taken to strengthen The Gambia’s performance across all indicators and underlying sub-indicators. Particular attention should be given to increasing the robustness of the country’s policy goals and commitments.
The three EIRA risk areas remain unchanged from last year. Discrimination between foreign and domestic investors and breach of State obligations continue to be lower compared to unpredictable policy and regulatory change.
The Gambia has a good performance on one EIRA indicator. It has a moderate score on two others, and a low score on one indicator. It has maintained a good score of 68 on regulatory environment and investment conditions. On rule of law and management of decision-making processes it has again scored 57 and 50, respectively. Foresight of policy and regulatory change is at 33 points.
On a more detailed level, The Gambia’s overall sub-indicator performance is moderate. The highest-scoring sub-indicators continue to be restrictions on FDI with 75 points and management and settlement of investor-State disputes with 73 points. On regulatory effectiveness (61), institutional governance (53) and transparency (47) it has retained last year’s score. They are followed by respect for property rights at 42 and communication of vision and policies at 41. Robustness of policy goals and commitments remains the lowest-scoring sub-indicator with 25 points.