All Forums  Politics Forum  Politics: Gambian politics  IMF RECOGNISES THE DECLINE OF THE GAMBIAN ECONOMY

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Videos: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Momodou[/i] [br][b][size=4][url="http://www.foroyaa.gm/archives/3323"]IMF RECOGNISES THE DECLINE OF THE GAMBIAN ECONOMY[/url][/size=4] Foroyaa: Published on January 17, 2015 [/b] Foroyaa had repeatedly called on the Government to conduct an assessment of the unseasonal rains and take measures which were necessary to address any anticipated decline in crop production.Now, the facts are becoming evident as the government discusses with the IMF. The end of mission Press Release of the IMF confirms that the economy is in a state of decline marked by currency depreciation, high interest rates, decline in bank lending to the private sector, higher expenditure on imports, rise in prices and higher expenditure for public enterprises. Hence the government needs rapid credit facilities to cushion the strenuous impact on the balance of payment of the country which makes it possible to take external debts and import goods on a sustainable basis. Policy slippages is always followed by conditionality which is likely to control domestic borrowing, raise taxes , cut down on public expenditure. Instead of an economic superpower status we are heading towards greater economic dependency and control because of policy slippages. We must therefore look inwards to find the basic causes of our economic woes. Outsiders may contribute to our economic woes, but the main cause is internal. Foroyaa would monitor the content of the agreement with the IMF and accordingly inform our readers. Source: Foroyaa [hr] [b]The Point: [url="http://thepoint.gm/africa/gambia/article/2014-a-difficult-year-for-the-gambian-economy-imf"][size=4]‘2014 a difficult year for the Gambian economy’, IMF[/size=4][/url][/b] [/quote]   Check here to include your profile signature.