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Current Feed ContentLet’s Balance Fiscal Theory With Harsh RealityIt is heartening to read the latest report by an International Monetary Fund (IMF) mission to The Gambia which states that so far, the financial system in The Gambia has not been affected directly by the global financial crisis. This is good news indeed but one must ask the question; why then are people struggling so much to battle rising prices and a soaring cost of living? We would all love to believe that we remain largely unaffected but anecdotal evidence would seem to run contrary to this...Gambia Not Directly Affected by Global Financial Crisis But… IMF ReportLatest report by an International Monetary Fund (IMF)mission to the Gambiareveals that so far, the financial system in The Gambia has not been affecteddirectly by the global financial crisis. The report however says that adverse impacts from recessionin Europeand the USAare likely to slow down real GDPgrowth from about 6 percent in 2008 to less than 5 percent in 2009. The report follows a fourth review under the PovertyReduction and Growth Facility (PRGF) by the IMF mission led by Mr....President Jammeh receives top IMF officialPresident Alhaji Dr Yahya Jammeh, yesterday, received in his office a top official of the International Monetary Fund (IMF), Mr Tsidi M Tsidikata. Mr Tsidikata is the Deputy Division Chief at the Africa Department of the IMF. He was accompanied to State House by Mousa Gibriel Bala Gaye, the Secretary of State for Finance and Economic Affairs. Meanwhile, a group of Gambian women, drawn from diverse sectors of society, called on the vice president, Aja Dr Isatou Njie Saidy, in her office, at...Finance Secy Appointed Chairman of WB And IMF Africa GroupHonourable Mousa Gibril Bala Gaye, Secretary of State forFinance and Economic Affairs has been appointed Chairman of the Africa Group IConstituency, which comprises 22 African countries, the majority of which aremainly English-speaking in the World Bank and IMF, namely: Angola, Botswana,Burundi, Eritrea, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi,Mozambique, Namibia, Nigeria, Seychelles, Sierra Leone, South Africa, Sudan,Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe. This...As WB, IMF meeting wraps upSoS Bala Gaye to chair Africa Group Mousa Gibril Bala Gaye, the secretary of state for Finance and Economic Affairs, has been appointed Chairman of the African Group One Constituency, which comprises 22 African countries, mainly English-speaking, at the World Bank and IMF. The countries concerned includes, Angola, Botswana, Burundi, Eritrea, Ethiopia, The Gambia, Kenya, Lesotha, Liberia, Malawi, Mozambique, Namibia, Nigeria , Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania,...Mini read: Bretton Woods system Part IThe Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New...Statement By Musa Bala Gaye at IMF World Bank Meeting in USAMr. BALA-GAYE: I will make my opening statement by statingthe present state of the macroeconomic performance of The Gambia, as well asdealing with some of the policy challenges posed by the rising food and oilprices. The Gambia ‘s macroeconomic performance continues to bevery, very strong following robust growth in real GDPaveraging 6.5 percent per annum between 2003 and 2006 and thereafter releasingan impressive growth rate of 7.7 percent in 2007. For 2008, we are projecting agrowth rate of...IMF Sees Major SlowdownThe International Monetary Fund (IMF) today warned that the world economy is experiencing a major downturn in the face of the most dangerous financial shock in mature markets since 1930s, and called for strong and coordinated actions to avoid worse-case scenarios. The IMF’s latest world economic Outlook (WEO) projected global growth to slow substantially in the latter part of 2008, before beginning a modest recovery in the second half of 2009, Growth in advanced countries will be close to zero...World Bank, IMF Invite Point BossMr. Pap Saine, Co-publisher and Managing Editor of The Point Newspaper, who also doubles as dean of Reuters for West and Central Africa left Banjul Monday evening for Washington DC, USA, where he is to attend on invitation of the World Bank and the International Monetary Fund (IMF) their Annual General Assembly meeting scheduled to take place from the 11th–13thOctober 2008. According to a letter signed by Masood Ahmad, Director, External Relations Department, IMF, and Carl Hanlon, Manager,...IMF thumbs up GambiaThe Gambia government has received strong commendation from the International Monetary Fund (IMF) executive board “for maintaining macro economic stability in the context of robust growth and moderate inflation”. This revelation was captured in a dispatch issued by the Department of State for Finance & Economic Affairs, which disclosed that after completing its third review of The Gambia’s performance, the IMF approved a US$3.1 million disbursement for the country, saluting the strong and... |
