Folks,
I am no economist so I get easily confused by these terminology. Can our
economists out there tell us what they are saying? that is the 7 years
before and after 1994.

If I understand are they saying that the 7 years b/4 1994 we had:

overall decline in deficit from 17%  to 4% of GDP
decline in inflation from 70% to 4.4%
that "As a result of these policy measures, economic performance improved."

the 7 years after:
" The basic economic objectives for 1998-2000 are:
 >
 >
 > To achieve real GDP growth of 5 percent a year,
 >
 >
 > Keep annual inflation around 3 percent,
 >
 >
 > Reduce the external current account deficit (excluding official
transfers)
 > to less than 10 percent of GDP by 2000, and
 >
 >
 > Keep gross official reserves above the equivalent to five months of
 > imports.

This is where I am really clue less. Maybe our experts can explain to me
what the author means by:

" The Gambia qualified for US$66.6 million worth of debt relief
assistance,equivalent to 27.2 percent reduction in the country's
outstanding stock of debt at end 1999 after full use of traditional debt
relief mechanisms."

particularly by the term "the country's outstanding stock of debt at the
end of 1999"


Malanding

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