The International Monetary Fund IMF has threatened to impose sanctions
against the Gambia, if the county fails to tackle its ailing economy, which
is taking its toll on the citizens of the West Africa country, sources close
to the heart of the Gambian government revealed yesterday.  IMF and World
Bank are expressing concerned about the increasing corruption and
unnecessary waste of state resources by the regime, which earlier claimed it
is out to salvage the country from the 30 years PPP misrule and wanton
corruption.

Sources say IMF is requesting the Jammeh adminstratio to conduct an audit
exercise at the Central Bank and to  cut down jobs at the Finance
Department, who are widely blamed for the country's worst economic crisis in
history.  The Finance Department said our sources say the current economic
trends is beyond their control and can't do much to salvage the tiny West
African country.  The country is not only faced with growing inflation, but
as well as acute food shortage and increasing poverty.

Sources say IMF vowed to suspend their activities in the Gambia, if the
government fails to take necessary measures to cut down unnecessary
expenditure and tax evation.  Unconfirmed reports from Banjul, suggested
that Finance Mininster Famara Jatta who appeared confused about the
developments had decided to go on leave, thus leaving his ministry in a
complete disarray.  It is not yet clear, whether Jatta will return to his
post, but sources say there are moves for cabinet resuffle by the regime.
But one source said this will not help the address the  situation.  The
source said the regime is currently experiencing a major cash crisis and
lacked money to run the country.  The customs and exercise Department and
other revenue institutions are also said to be witnessing revenue drops.
This is attributed to wide range of corruption, as public officials are
evading tax.  These and many others said my source is hindering economic
growth in the country.

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