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Vol 38 No 19

Published 26th September 1997


'Corruption where it exists'

The World Bank and International Monetary Fund are looking closely at Gambian government finances and especially at June's mini-budget for the six months to December. The budget was officially intended to bring public finances on to a calendar-year basis, in line with other members of the Economic Community of West African States (Ecowas, AC Vol 38 No 18). The real reason may be that recurrent expenditure is running way ahead of (poorly budgeted) revenue. The large-scale projects of 1994-96, including the new Banjul airport and a major hospital complex at Farafenni, carry heavy recurrent maintenance costs: senior Bank staff think the government has not done its sums.

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