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Subject:
From:
baboucarr Sey <[log in to unmask]>
Reply To:
The Gambia and related-issues mailing list <[log in to unmask]>
Date:
Wed, 28 Sep 2005 06:45:51 -0700
Content-Type:
text/plain
Parts/Attachments:
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 Yeah you got that one right those people failed you
stole THREE MILLION YANKEE FROM THE POOR GAMBIAN
FRAMERS.
MBYE sey

--- Ebou Jallow <[log in to unmask]> wrote:

> Musa Jeng,
>
> Relax the hype...the world is not going to end
> tomorrow my brother.  Jammeh appointed some people
> to run the Central Bank and they evidently failed
> their duties to the Gambia.  Consequently, Jammeh
> applied the rule of law on this very issue, and
> today some admitted guilt to corruption charges in a
> court of law and none of them mentioned Yaya
> Jammeh's name in court.  The Gambia is a sovereign
> state with a democratically elected president who is
> accountable to the Gambian people and not the IMF.
> The Gambian constitution grants him the rights of
> executive privilege on matters of national security,
> state secrets and the execution of the people's
> business which is none of the IMF's or any damn
> auditor's business.
> Some of you simply live in Laputa and love creating
> a storm out of a teacup.  Even if Jammeh steals from
> the Gambia Government ( which I doubt has ever
> happened) you fools shall never ever know about it.
>
> Monsieur Dieng, I suggest you focus on raising some
> nickles/dimes for your desperate/dysfunctional party
> the PPP aka NADD. Better still you might try begging
> the Gambian opposition's friend Monsieur Wade  for
> some of his loot from the Senegalese people.
>
>
> Ebou Jallow
>
>
>
>
>
>
> Musa Jeng <[log in to unmask]> wrote:
> Joe:
>
> In layman's parlance, what this report simply put is
> that APRC has mismanaged the Gambian economy and
> everything in the country. Folks, they have stolen
> our country's resources and anyone who really
> believe that the APRC can seriously develop our
> country, I am the owner of the Brokyln Bridge and I
> would not mind to sell it to you. Now, I know some
> of you support them for some crazy reason, but
> bottom line they will never be able to put it
> together, and I mean never.
>
> Thanks
>
> Musa Jeng
> >
> > From: Joe Sambou
> > Date: 2005/09/27 Tue PM 05:44:11 EDT
> > To: [log in to unmask]
> > Subject: IMF on Gambia
> >
> > Below is the IMF report on Gambia. I wonder how
> they accounted for Lang and
> > Jammeh's heist from the Bank.
> >
> > "The Executive Directors urged the authorities,
> during the Article IV
> > consultation in 2004, to commission a reaudit of
> the Central Bank of The
> > Gambia's (CBG's) 2001 and 2002 financial
> statements on terms of reference
> > agreed with Fund staff. The Directors also
> stressed the need for a special
> > audit of foreign exchange transactions between
> 2000 and 2003. These audits
> > have now been completed and confirm the breakdown
> of internal controls at
> > the central bank that were observed during the
> IMF's Safeguard Assessment
> > mission conducted in November 2003. The audit
> reports restate general ledger
> > balances for external reserves for various test
> dates between end-December
> > 2000 and end-December 2003, which are
> significantly lower than the
> > originally recorded balances. The auditors have
> issued a disclaimer
> > indicating that they were unable to express an
> opinion on the 2001 and 2002
> > accounts largely because of the lack of
> documentation supporting several
> > foreign exchange transactions."
> >
> > Simply put, they cooked the books. Nothing has
> changed and the theft will
> > continue as long as Yaya is presiding over the
> criminal activity. Please
> > read on.
> >
> >
> > Public Information Notice (PIN) No. 05/121
> > September 8, 2005 International Monetary Fund
> > 700 19th Street, NW
> > Washington, D.C. 20431 USA
> >
> >
> >
> > IMF Executive Board Concludes 2005 Article IV
> Consultation with The Gambia
> > Public Information Notices (PINs) form part of the
> IMF's efforts to promote
> > transparency of the IMF's views and analysis of
> economic developments and
> > policies. With the consent of the country (or
> countries) concerned, PINs are
> > issued after Executive Board discussions of
> Article IV consultations with
> > member countries, of its surveillance of
> developments at the regional level,
> > of post-program monitoring, and of ex post
> assessments of member countries
> > with longer-term program engagements. PINs are
> also issued after Executive
> > Board discussions of general policy matters,
> unless otherwise decided by the
> > Executive Board in a particular case. The staff
> report for the Article IV
> > consultation with The Gambia may be made available
> at a later stage if the
> > authorities consent.
> >
> >
> > On July 18, 2005, the Executive Board of the
> International Monetary Fund
> > (IMF) concluded the Article IV consultation with
> The Gambia.1
> >
> > Background
> >
> > The Gambia's economic performance since the
> mid-1980s has been uneven owing
> > to exogenous shocks, macroeconomic and structural
> policy slippage, poor
> > governance, and weak institutions. The economy's
> vulnerability to shocks
> > stems from a lack of economic diversification. In
> addition, economic
> > performance has been constrained by policy
> distortions and by recurrent
> > weaknesses in fiscal policy. Expansionary policies
> have increased the
> > government's recourse to domestic bank financing,
> which, in turn, has raised
> > real interest rates, increased the domestic debt
> burden, and tended to crowd
> > out private investment.
> >
> > In 1998, the authorities entered into a three-year
> program under the
> > Enhanced Structural Adjustment Facility (ESAF),
> which was converted into a
> > Poverty Reduction and Growth Facility (PRGF)
> arrangement. In July 2002, the
> > Board approved a new three-year PRGF arrangement
> (See News Brief No. 02/74
> > and Press Release No. 02/32), but the first review
> was not completed because
> > of weak policy implementation and governance
> problems. It was discovered in
> > 2003 that The Gambia had misreported to the Fund
> net international reserves
> > by US$38.8 million at end-December 2001 and failed
> to record US$28.5 million
> > in government expenditures. The Executive Board
> concluded that The Gambia
> > had received two noncomplying disbursements,
> equivalent to SDR 3.435 million
> > each in July and December 2001 (See Press Release
> No. 04/49). The
> > authorities repaid these disbursements in 2004 in
> four equal installments,
> > with the last payment made ahead of schedule.
> >
> > The Executive Directors urged the authorities,
> during the Article IV
> > consultation in 2004, to commission a reaudit of
> the Central Bank of The
> > Gambia's (CBG's) 2001 and 2002 financial
> statements on terms of reference
> > agreed with Fund staff. The Directors also
> stressed the need for a special
> > audit of foreign exchange transactions between
> 2000 and 2003. These audits
> > have now been completed and confirm the breakdown
> of internal controls at
> > the central bank that were observed during the
> IMF's Safeguard Assessment
> > mission conducted in November 2003. The audit
> reports restate general ledger
> > balances for external reserves for various test
> dates between end-December
> > 2000 and end-December 2003, which are
> significantly lower than the
>
=== message truncated ===


 Let modesty be the rule of  observance.



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