join other parties as President Jonathan has just been chosen as PDP's
sole candidate for the 2015 election. Members of the National Executive
Committee, NEC, of the party adopted him this afternoon during a
meeting (which is still going on) at the party’s national headquarters in Abuja.
The President, VP Sambo, Senate
President, and many PDP governors are at the meeting
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
IMF Staff Concludes Mission To The Gambia
TVC
NEWS, GAMBIA - A mission from the International Monetary Fund (IMF) led
by Bhaswar Mukhopadhyay visited Banjul from September 4 - 17 2014.
The mission assessed the authorities' progress in implementing policies since its April visit as part of the second review of the government's reform program supported by an Extended Credit Facility arrangement with the IMF.1 The first review was completed in May 2013. Policy slippages in the second half of that year have delayed the completion of the current review.
The mission held discussions with Vice-President Isatou Njie Saidy Finance Minister Kebba S. Touray Central Bank Governor Amadou Colley other senior officials members of parliament senior officials in public enterprises the banking sector and development partners.
At the end of the mission Mr. Mukhopadhyay issued the following statement:
'The macroeconomic environment stabilized in early 2014 with a successful tourism season leading to improved revenues a stable exchange rate and moderate inflation. Government spending was contained and interest rates appeared to be edging downward slowly. Since that time spending pressures have reemerged led by financial difficulties of the public utility provider (NAWEC) as well as some spending in excess of budgeted levels. These borrowing needs have kept interest rates high while putting pressure on the Dalasi. Public debt which stood at more than 80 percent of Gross Domestic Product (GDP) at the end of 2013 is projected to exceed 90 percent of GDP by the end of this year.
The burden of government borrowing will exert further pressure on inflation international reserves and the exchange rate.IMF
'The Gambia remains Ebola-free but news from the subregion appears to be deterring tourists and this will pose an additional challenge.
At the same time the delayed start of the rainy season will have a substantial impact on the harvest. Agriculture is The Gambia's largest economic sector and its second largest exporter after tourism. Together the impact of these two external shocks will be felt on economic growth the government budget trade and the banking system though more information is needed to quantify these risks.
The mission assessed the authorities' progress in implementing policies since its April visit as part of the second review of the government's reform program supported by an Extended Credit Facility arrangement with the IMF.1 The first review was completed in May 2013. Policy slippages in the second half of that year have delayed the completion of the current review.
The mission held discussions with Vice-President Isatou Njie Saidy Finance Minister Kebba S. Touray Central Bank Governor Amadou Colley other senior officials members of parliament senior officials in public enterprises the banking sector and development partners.
At the end of the mission Mr. Mukhopadhyay issued the following statement:
'The macroeconomic environment stabilized in early 2014 with a successful tourism season leading to improved revenues a stable exchange rate and moderate inflation. Government spending was contained and interest rates appeared to be edging downward slowly. Since that time spending pressures have reemerged led by financial difficulties of the public utility provider (NAWEC) as well as some spending in excess of budgeted levels. These borrowing needs have kept interest rates high while putting pressure on the Dalasi. Public debt which stood at more than 80 percent of Gross Domestic Product (GDP) at the end of 2013 is projected to exceed 90 percent of GDP by the end of this year.
The burden of government borrowing will exert further pressure on inflation international reserves and the exchange rate.IMF
'The Gambia remains Ebola-free but news from the subregion appears to be deterring tourists and this will pose an additional challenge.
At the same time the delayed start of the rainy season will have a substantial impact on the harvest. Agriculture is The Gambia's largest economic sector and its second largest exporter after tourism. Together the impact of these two external shocks will be felt on economic growth the government budget trade and the banking system though more information is needed to quantify these risks.
TVC
NEWS, GAMBIA - A mission from the International Monetary Fund (IMF) led
by Bhaswar Mukhopadhyay visited Banjul from September 4 - 17 2014.
The mission assessed the authorities' progress in implementing policies since its April visit as part of the second review of the government's reform program supported by an Extended Credit Facility arrangement with the IMF.1 The first review was completed in May 2013. Policy slippages in the second half of that year have delayed the completion of the current review.
The mission held discussions with Vice-President Isatou Njie Saidy Finance Minister Kebba S. Touray Central Bank Governor Amadou Colley other senior officials members of parliament senior officials in public enterprises the banking sector and development partners.
At the end of the mission Mr. Mukhopadhyay issued the following statement:
'The macroeconomic environment stabilized in early 2014 with a successful tourism season leading to improved revenues a stable exchange rate and moderate inflation. Government spending was contained and interest rates appeared to be edging downward slowly. Since that time spending pressures have reemerged led by financial difficulties of the public utility provider (NAWEC) as well as some spending in excess of budgeted levels. These borrowing needs have kept interest rates high while putting pressure on the Dalasi. Public debt which stood at more than 80 percent of Gross Domestic Product (GDP) at the end of 2013 is projected to exceed 90 percent of GDP by the end of this year.
The burden of government borrowing will exert further pressure on inflation international reserves and the exchange rate.IMF
'The Gambia remains Ebola-free but news from the subregion appears to be deterring tourists and this will pose an additional challenge.
At the same time the delayed start of the rainy season will have a substantial impact on the harvest. Agriculture is The Gambia's largest economic sector and its second largest exporter after tourism. Together the impact of these two external shocks will be felt on economic growth the government budget trade and the banking system though more information is needed to quantify these risks.
The mission assessed the authorities' progress in implementing policies since its April visit as part of the second review of the government's reform program supported by an Extended Credit Facility arrangement with the IMF.1 The first review was completed in May 2013. Policy slippages in the second half of that year have delayed the completion of the current review.
The mission held discussions with Vice-President Isatou Njie Saidy Finance Minister Kebba S. Touray Central Bank Governor Amadou Colley other senior officials members of parliament senior officials in public enterprises the banking sector and development partners.
At the end of the mission Mr. Mukhopadhyay issued the following statement:
'The macroeconomic environment stabilized in early 2014 with a successful tourism season leading to improved revenues a stable exchange rate and moderate inflation. Government spending was contained and interest rates appeared to be edging downward slowly. Since that time spending pressures have reemerged led by financial difficulties of the public utility provider (NAWEC) as well as some spending in excess of budgeted levels. These borrowing needs have kept interest rates high while putting pressure on the Dalasi. Public debt which stood at more than 80 percent of Gross Domestic Product (GDP) at the end of 2013 is projected to exceed 90 percent of GDP by the end of this year.
The burden of government borrowing will exert further pressure on inflation international reserves and the exchange rate.IMF
'The Gambia remains Ebola-free but news from the subregion appears to be deterring tourists and this will pose an additional challenge.
At the same time the delayed start of the rainy season will have a substantial impact on the harvest. Agriculture is The Gambia's largest economic sector and its second largest exporter after tourism. Together the impact of these two external shocks will be felt on economic growth the government budget trade and the banking system though more information is needed to quantify these risks.
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