Thanks you for your support. Regards to your Family. GOD BLESS.
----- Original Message -----
From: Elhajj Mustapha Fye <[log in to unmask]>
Date: Saturday, February 28, 2004 2:14 pm
Subject: Re: WORLD BANK REPORT NO.25436-GAMBIA-WHY INVESTORS ARE ARE SCARED!
> Binneh,
> Thanks for the info. Keep them coming!
>
> Elhadj.
>
>
> ----- Original Message -----
> From: "Binneh Minteh" <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Saturday, February 28, 2004 10:40 PM
> Subject: WORLD BANK REPORT NO.25436-GAMBIA-WHY INVESTORS ARE ARE
> SCARED!
>
> > WORLD BANK REPORT NO.25436-GAMBIA-WHY INVESTORS ARE ARE SCARED!
> >
> > OPTV is back again and this time we want to authenticate our
> postings on
> > the Alimenta case and protecting other potential investors by
> quoting from
> > a world bank report as cited on the above topic.
> >
> > Risks and Mitigation...
> >
> > Article 97(Page 30)-"The Gambia faces continual risks a small
> economy> based on primary products and subject to irregular
> rains.This risk can
> > only be addressed by trying to make the economy as robust and
> diversified> as possible,
> > which requires good governance,an attractive investment climate
> and good
> > management of public resources.These are objectives of the
> CAS,but there
> > are internal risks which could affect its success".
> >
> > OPTV'S version:See the underlined part and tell us if that suits
> a system
> > that left the head of the forex dept at the central bank to
> release our
> > reserves thus compete those pulloh futas at the Serekunda black
> market(> Cambio wechel schemes for years!!!),then see YDE evading
> customs duties
> > from 1994,then those returns that YDE was receiving helped
> maintain the
> > NEW millenium,the so-called president's aricraft,then the
> hiring of jets
> > and then buying bottles of peppper for D3000.00?
> > The world bank after hearing about mad Yahya's so-called Allah's
> bank gave
> > him a long rope to hang is shameless neck in public!
> > Allah's wrath never misses those who attempt using his name in a
> fake way!
> > Where is Sadam Hussein he even used Allah's name on his flag and
> then he
> > was dancing with girls in his palaces! Allah has helped the US
> soldiers> arrest Sadam and they pulled him out of a spider
> hole.Well where was Mad
> > Yahya when these things were taking place from 1994 to date? Kuru
> > Konjira,Tarik Musa and Baba Jobe are vomiiting everything in the
> open!>
> >
> > Article 98(page 30)...
> >
> > "The Principal risk for the implimentation of effectiveness of
> CAS is the
> > Government's willingness(?) to pursue reform in a sustainable and
> > consistent manner..."
> >
> > OPTV'S version: Look at that! if this not a disgrace then what
> is? The
> > world bank was wooried because they knew that the words that
> they heard
> > from a thief's mouth were not going to catch other thieves in
> all honesty.
> >
> > "This could affect the Gvt's ability to maintain a stable macro
> > environment and focus expenditures on the priority sectors
> identified in
> > the PRSP..,"
> >
> > OPTV'S version:Is this not a clear indication that shows why our
> mad man
> > was panicked and then is trying hard to use others as scape goats?
> > According to some policiy analysts that OPTV meets and talk to
> within the
> > world and IMF premises such remarks are sent to gvts that have been
> > involved in very deep corruption scandals.From top to bottom!
> > The world bank experts know that cleaning such systems involves
> a lot of
> > political risks!
> >
> > "As explained above there are significant weaknesses in the
> process of
> > budget formulation,execution and reporting.Fiscal deficits grew
> again in
> > 2002,yet despite increased expenditures,the funding of priority
> sectors> has not been as strong in recent years as pojected. The
> gvt must thus keep
> > fiscal control in an environement of falling trade revenues and
> increasing> expenditure demands stemming from the PRSP. IDA will
> be providing
> > technical assistance to strengthen expenditure controls and
> monitoring> along with the IMF and DFID.The bank will prepare with
> DFID a CFAA
> > (FYO3),which will further define the agenda for reform in these
> areas.The> CFAA will be followed by a PER(FY04) and a CPAR(FY05).
> >
> > OPTV'S version...Gambians can read the above and the tell us
> where the
> > good performance of our so-called gvt has been mentioned in all
> honesty!> The world bank has refined diplomats and sound
> economists who use cleaned
> > langauge however,the one above could be hidden.It is plain.Here
> we can see
> > the lackeys and cronies tell us that Gambia is to compete for
> MCA-
> > Millenium Challenge Account.Is the above report promising for
> people who
> > want to start a race that will last for 1,996 years from now?!
> > MCA and AGOA are linked to politics but there are other economic
> factors> that cannot be helped without the necessary condiments!
> > Mad Yahya makes OPTV laugh aloud and he will certainly know that the
> > hidden forces cannot be handled by his cronies.
> > In our next postings we will analyse article 19 of the same
> paper.That one
> > is full of pieces that will cause serious depression for Gambian who
> > really care for their country.
> >
> > Binneh S Minteh
> > New York University
> >
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