Conteh,
This statement is laughable because it should really say that Jammeh is
getting rid of his collaborators so he will have the entire kitty for himself. I
wonder when they are going to come up with this payment because these 30 days
are actually up since the IMF put out the press release regardign thsi
situation. I think the APRC needs to busy themselves with their international scandal
as opposed to busying themselves with trying to pursue Gambians in the diaspora
which will not remedy their tainted reputation.
Jabou Joh
> "President Yahya Jammeh last month announced his country had found oil,
> saying he wanted to rid the country of corruption so the new oil wealth would
> not be diverted from the government's coffers."
In a message dated 4/10/04 12:36:54 PM Central Daylight Time,
[log in to unmask] writes:
> Comrades:
>
> Please read the following excerpts from Reuter:
>
> IMF Scolds Gambia, Orders It to Repay $10m
>
>
> WASHINGTON (Reuters) -- The International Monetary Fund on Monday
> reprimanded Gambia for failing to stick to conditions of a loan pact and ordered the
> West African nation to pay back $10 million plus interest in assistance this
> year.
>
> President Yahya Jammeh last month announced his country had found oil,
> saying he wanted to rid the country of corruption so the new oil wealth would not
> be diverted from the government's coffers.
>
> Gambia, with an annual per capita income of $340, is one of the world's
> poorest countries. A former British colony, the country occupies just a sliver of
> land almost entirely surrounded by Senegal. Its people live off tourism,
> fishing and groundnuts.
>
> The IMF board said Gambia had given inaccurate details or delayed
> information on spending from foreign-exchange reserves, domestic assets of the central
> bank, bank credit to the government and the basic primary fiscal balance.
>
> Agustin Carstens, deputy managing director of the IMF, said there had been
> lengthy delays in giving information on the unrecorded spending to the fund.
>
> He said there had been deviations of performance targets for the end of
> March and September 2001, with no sign that authorities would conduct a special
> audit of the foreign-exchange activities of the central bank.
>
> "Under these circumstances, the executive board has decided to require the
> Gambia to make full repayment of the noncomplying disbursements during 2004,
> together with any interest accrued thereon, with the strong expectation of
> early repayment,” Carstens said in a statement.
>
> The fund ordered Gambia to repay the money in four installments, with the
> first to be made within 30 days.
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