| Author |
 Topic  |
|
OB1
84 Posts |
 Posted - 22 Apr 2006 : 15:20:08
|
| That is 468 million POUNDS!!!!! |
|
|
OB1
84 Posts |
Posted - 22 Apr 2006 : 15:25:14
|
| It is £468,000,000 (four hundred and sixty eight Million POUNDS). Or in US Dollars: $814,000,000 (Eight hundred and fourteen MILLION US DOLLARS). |
BN |
|
|
|
jambo
3300 Posts |
Posted - 22 Apr 2006 : 15:34:05
|
OB1, are yu saying D22billion = £468,000,000, I did think it was bigger that 4.7mill, but never in a lifetime though Gambia owed that amount. Sorry but my maths are on hold, can i ask how you arrived at this figure. I believe a billion in europe is different to a billion in US!?!? HELP
I mentioned at the beginning of this discussion I would lie down in a dark room, well I am on my way.
|
|
|
|
LEMON TIME
Afghanistan
1295 Posts |
Posted - 22 Apr 2006 : 16:05:05
|
| JAMBO again get out of that dark room of yours.how can GAmbia ever pay this debt as its rise up every year. |
There is no god but Allah |
|
|
|
njucks
Gambia
1131 Posts |
Posted - 22 Apr 2006 : 17:39:44
|
 jambo ure funny, any way a billion is the same everywhere i guess. its 1 with nine zeros. 1000 000 000.(a thousand million). this is what Obi is using with the exchange rate between D48-50.
it not possible to completely pay the debt, but it can be sustained i guess it depends on how much the economy expands in the coming yrs.
dont go into the dark. |
|
|
|
Gatekeeper
USA
12 Posts |
Posted - 22 Apr 2006 : 20:21:20
|
Janky,
Sorry but i believe your calculations are grossly underestimeated. my calculations came up to 458 million pounds or 786 million dollars. |
PEOPLE SHOULD NOT BE AFRAID OF THEIR GOVERNMENTS. GOVERNMENTS SHOULD BE AFRAID OF THEIR PEOPLE.BJ |
|
|
|
LEMON TIME
Afghanistan
1295 Posts |
Posted - 22 Apr 2006 : 22:43:23
|
| What kind of calculators are you all using is it made from kanilai. |
There is no god but Allah |
|
|
|
gambiabev
United Kingdom
3091 Posts |
Posted - 22 Apr 2006 : 23:12:20
|
| For a wider look at the subject of debt relief www.data.org/ is a good site. Also a good map showing aids stats for africa over time. |
|
|
|
jambo
3300 Posts |
Posted - 23 Apr 2006 : 15:21:07
|
Janky, Lemontime, Obi and gatekeeper I am out of the dark. But took a aspirins. my calculator was not from kanilai got your dfrit there. I thought I was way out with my figures, D22billion = 468 million, or 458 million or 4.75 million, depending on whose message you believe that is why i asked for the formula. The debt is unreal
Was this all done in Yaya's time!?!?!?
Bev i will look at the web page.
|
|
|
|
LEMON TIME
Afghanistan
1295 Posts |
Posted - 24 Apr 2006 : 00:10:59
|
| Jambo the Gambia's debt is very real. |
There is no god but Allah |
|
|
|
kondorong
Gambia
4380 Posts |
Posted - 24 Apr 2006 : 19:04:01
|
quote:
Originally posted by njucks
hi salimina
please do as it affects us all. Kondorong sees it from a political point of view. looking forward to it
Njuks
I still maintain that tender documents especially regading major projects have not surfaced in the Gambian media. May be you are the only one out of 1.5 million who has. I congratulate you for the courage of seeing where the rest of the nation failed to see. Is it not very funny that only one company comes out the winner all the time.
No. I am not seing it from a political perspective. I have no interest in being one. Well i have learnt never to to say never. I am speaking from realities on the ground.
We have thousands of studies of consultants that are gathering dusts on the shelves and still need consultants. "IN THE ABUNDANCE OF WATER THE FOOL IS TASTY". Something is wrong. Either the consultants are not doing a good job or we are incompetent to comprehend. Either way is a disater. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
Edited by - kondorong on 24 Apr 2006 19:12:44 |
|
|
|
kondorong
Gambia
4380 Posts |
Posted - 24 Apr 2006 : 19:08:52
|
quote:
Originally posted by njucks
once again i am not convinced by your arguments. it boils down to your word against mine. if you have not seen tender documents i have? if you have not seen gambian nurses working in UK as Nurses i have. i have also seen doctors working as Doctors. i dont agree with your view on consultants because you ignore how you get consultants in the first place!! their services have to be procured. the Major/minor tender board itself states that if there is a conflict the rules of the donor take precedence.
i accept there should be equity in the education system but every parent reserves the right to take their children where they want. its a personal choice. you cant impose that on any one.
your're absolutely right that quality has taken a punch but this is always the case when you increase access to anything.i remember this was the case in the UK when they introduced GCSE. there were arguments that it was easier than the old GCE A-Level. in the gambia before you had 'quality' because the numbers were few, but now you still have those few amongst many. if you restrict the access you deny a lot of people a better chance.
this was the case with the common entrance examinations. hundred of thousands did it but only few thousand went to high school for 'quality ' as you put it. those who did not pass through were not stupid but because there were not enough places!!! it was a Cut-Off Mark not a Pass Mark. the number of seats at the next level determined the % that went through!!
If every parent has the right to take their children to any school system, why should the policy planners design one that they themselves have no confidence in. You think the poor farmer at Yoro bawol will not like to take his daughter to MRs. Now, Marina, Glory Baptist, etc. If wishes were horses, beggars will ride. If the farmers have incomes realtively better than what they have now, i bet there will not be any student in public schools.
I think you need to come off the legal chair and share the realities on the ground. I still maintain my statements and i am as sure as there is death, that it is the truth. You can take a horse to a river, but you cannot force it to drink. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
|
|
|
njucks
Gambia
1131 Posts |
Posted - 24 Apr 2006 : 20:51:10
|
quote:
If every parent has the right to take their children to any school system, why should the policy planners design one that they themselves have no confidence in.''
ok ok i'm off the ''legal chair'' whatever that is/means. i will say it again, i look forward to your administration, perhaps you will blame/punish parents who send their children to private schools for doing it. c'on
i said it myself there is no equity in the education system.it should improve but this is the case the world over!!
when i mentioned the education sector i was trying refute your argument that quality is poor. this might be true but its because more people have been given opportunities. hence same resources for more people. that was my point.
for example when we had ''quality'' as you say, it was also the time that thousands carried their chairs and tables to school!! now that problem has been solved, more are given opportunities and then we move on, this is the only way. if you want quality you have to limit the numbers
as i told you before i am apolitical and just trying to learn from this bantaba,
i'm off the ''legal chair'' |
|
|
|
kondorong
Gambia
4380 Posts |
Posted - 24 Apr 2006 : 21:14:53
|
Njuks
No. You dont have to improve quality by reducing numbers. We can do both at thesame time if there is finacial discipline in the country. There is a lot of waste and leakages. I said it here one car of a secretary of state can pay for scholl fees for 1200 students. They change their cars like clothes. That is just the tip of the ice berg.
You will recall that some few yaers back, Yaya gave 27 vehicles to the security forces as his personal contribution. The average cost of each car was 235,000.00 x27 = D6,345,000, an income who would have earned after 18 years in office which is in the year 2012 but he raised this amount in five years.We are assuming that he does not spend his salary on anything. Yaya's salary is US1000.00 and he has been in office for 12 years which goes thus:
12(months)x1000(monthly salary)x12(years in office)x27.9 (exchange rate) =D4,017,600.
So it is clear that his salary alone cannot buy him 27 vehicles as personal gift from a man who came to power with an overdraft from the bank. How did he raise the money. Rememeber this was done nearly five yaers ago when his total income then was much lower. Infact the exchage rate was around 15.00 when he came to power but i have decided to give him the current rate and still there is a deficit. If you can explain where the money came from then we can improve and still have quality and still provide access to a handful of students in the Gambia. This is just one scenario.
I was a product of the old system but i tell you i was never satisfied. I am not saying that the old system is better nor am i satisfied with the present. I was a ring leader in a student strike beacuse of furniture and related problems in 1988 when we seized the ferry and denied Jawara access to georgetown. You see i do not like or hate yaya.
I just dont trust politicians with my life. I did not like or hate Jawara. I believe politicians have only one objective, that is to win votes and they will do anything to have that. So you need to always remind them of their civic duties.
I will praise yaya if he does right but will quickly demand an apology from him if he crosses the line.
What i do not like is to try to sweep the issues under the carpet. They will not go away an sooner or later they will turn into an ant hill threatening the foundation. I agree there is more access but only to poor standards. May be half education is better than none.
When you build schools you need to improve quality teaching, have a plan that will create jobs otherwise it will lead to disillusionment and strife. What we are seeing in the Gambia is a product of many people whose hopes were raised but only to be told that they do not belong. The political fanatism is a consequence of that. I appreciate the many classroooms built but i am not satisfied with the schools that have so evolved.
I will say it again that i have no political ambitions. I just dont trust politicians with my right. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
Edited by - kondorong on 24 Apr 2006 21:40:56 |
|
|
|
jambo
3300 Posts |
Posted - 24 Apr 2006 : 21:20:16
|
lemontime, there was an article about the debt in Thepoint newspaper today under economic watch, I cannot open the page to read it. Can anyone put it on bantaba, it would be interesting to read the article is date 19th april and the title is debt burden a bane to national economies.
Also I have found an old artilce on why the IMFparis club did not cancel Gambia's debt if any one is interested in reading it |
|
|
|
Topic |
|
Topic Locked
