Hamjatta,
The second part of my message should read thus:
Just a word or two on Russia:  it is exactly because
of the lack of sufficient attention being paid to the
pre-conditions stated above that has led to the
conditions you described.  Wolfesohn has finally
admitted failure, after countless warnings from
Stiglit, the outgoing and outspoken chief economist of
the World Bank.  Camdessus (IMF chief), on the other
hand,is perhaps less forthcoming.  Maybe after his
retirement(next month), he will go public with his own
assessment.
Meanwhile, I thank you for your pertinent questions.
Good day (sounds familiar?)
Sidi Sanneh
PS- I have apologised more often than the entire
membership combined. Be patient with me.

--- Sidi Sanneh <[log in to unmask]> wrote:
> Hamjatta,
> My fault in not providing the back-drop; the
> pre-privatisation activities
> currently being undertaken by Government, with the
> assistance of donors, to
> ensure that proper legal-, institutional-framework
> etc.(constituting the
> "enabling environment")for the liberal market
> economy to perform its
> expected distributive function "efficiently". The
> regulatory function of
> government is not being discouraged but just the
> opposite; its role as an
> active player in the economy will be greatly
> diminished through
> divestiture/privatisation and its role as regulator
> enhanced and re-
> enforced. I am to be convinced of the
> incompatibility of the elements of
> this strategy.
> Just a word or two on Russia: It is exactly because
> of the lack of
>
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