DrJaiteh Until we come up with counter credible argument/body Yahya/GOTG will continue to benefit from bilaterals/multilaterals. Partly is the way they do business and partly the global geo-politics has drastically change in favor of those who would otherwise once be considered bad actors. Contesting with Yahya in traditional political dispensation as if we are in a somewhat democratic nation is a mistake to say the least. Regards Burama On Thursday, May 7, 2015, Malanding Jaiteh <[log in to unmask]> wrote: > On April 2, 2015, the Executive Board of the International Monetary Fund > (IMF) approved emergency financial assistance under the Rapid Credit > Facility (RCF) in the amount equivalent to SDR7.775 million (about > US$10.8 million) for The Gambia for what the institute said is “to enable > the authorities to meet their urgent balance of payment and fiscal needs”. > This followed recommendations by an earlier mission led by Mr. Bhaswar > Mukhopadhyay January 8-14, 2015. > > > The Executive Board went on to say, “The Gambia is facing urgent balance > of payments needs triggered mostly by the impact of the regional Ebola > outbreak on tourism. Although the country remains free of Ebola, the > regional outbreak is expected to cut by more than half tourism receipts for > the 2014/15 season, giving rise to an urgent balance of payments need. At > the same time, the delayed summer rain has led to a significant drop in > agricultural production with serious implications for growth in 2014 and > food security. Policy slippages and persistent financial difficulties in > public enterprises have exacerbated the problems and pushed The Gambia’s > Extended Credit Facility (ECF) arrangement off track.” > > > What IMF did not say is that since seizing power in a military coup in > 1994,: > > · Yahya Jammeh run the affairs of the Gambia as personal > property. Yahya dismantled and appropriated the once prosperous national > institutions like Gamtel, National Water and Electricity Company (NAWEC), > Social Security and Housing Finance Corporation (SSHFC), Gambia Ports > Authority, Ministry of Agriculture’s Jahali-Pacharr rice fields, Gambia > Public Transportation Corporation (GPTC) and Livestock Marketing Board. > > · Yahya Jammeh established multitude of business ventures > including Kanila Group International (KGI), Kanilai Family Farms and > National Youth Enterprise by diverting public funds while shielding these > companies and their proceeds from paying tax. In the process Yahya has used > public servants (civil and military) to work at his many businesses with > blatant disregard for laws and regulations. > > · Yahya Jammeh is the only President in the world who is actively > and overtly engaged in importation and sale of all petroleum products, > foreign exchange, cement, construction supplies, cooking oil, rice, flour, > school uniforms, farm equipment, electronics, etc, thereby under-cutting > and out-competing private citizens. > > In IMF’s own words, “even before the crisis, 2014 was a difficult year for > the Gambian economy. The consequences of past fiscal slippages put pressure > on the government budget, public enterprises, the private sector, and > households. Government borrowing lifted interest rates, which increased > interest payments considerably. Banks have restricted their lending to the > private sector while higher debt burdens and import costs due to currency > depreciation have weighed on the public enterprises. Difficulties in public > enterprises have put further stress on the public budget. The local > currency price of imported goods, especially basic foods, has risen.” > > > What the IMF did not say is that while past fiscal slippages put pressure > on the government budget, public enterprises, the private sector, and > households, Yahya Jammeh continues to waste public funds on incessant > public ceremonies, expensive overseas travels, foreign mansions and lavish > gifts. > > A case in point, less than 10 days after the Executive Board approved the > emergency financial assistance, Yahya Jammeh invited Senegalese wrestling > champion Eumeu Sene and comedian and Yahya-impersonator Kouthia for a > private audience during which Yahya presented Eumeu two vehicles as gift- > > > http://www.seneweb.com/news/Video/jammeh-offre-2-vehicules-a-eumeu-sene-et_n_152452.html > > > Please sign the petition to tell the IMF that: > > Gambians do not want a bailout that would strengthen Yahya Jammeh’s > dictatorship and misrule. > > after 20 years of Yahya Jammeh, Gambians have come to the conclusion that > no emergency bailout or staff monitored program will constrain Yahya’s > spending habits or the misuse of public funds. > > Gambians are a very proud and industrious people who had once before Yahya > Jammeh, built a vibrant free market economy making The Gambia a center for > re-export trade in West Africa. > > it is Yahya Jammeh’s irresponsible leadership that’s bent on transforming > The Gambia into personal property, which is a threat to Gambia’ economy and > not the threat of Ebola or lack of rains. > ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To > unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web > interface at: http://listserv.icors.org/archives/gambia-l.html > > To Search in the Gambia-L archives, go to: > http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l To contact the > List Management, please send an e-mail to: > [log in to unmask] > <javascript:_e(%7B%7D,'cvml',[log in to unmask]);> > ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ > ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://listserv.icors.org/archives/gambia-l.html To Search in the Gambia-L archives, go to: http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l To contact the List Management, please send an e-mail to: [log in to unmask] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤