FREE BOOKS

Author's List




PREV.   NEXT  
|<   361   362   363   364   365   366   367   368   369   370   371   372   373   374   375   376   377   378   379   380   381   382   383   384   385  
386   387   388   389   390   391   392   393   394   395   396   397   398   399   400   401   402   403   404   405   406   407   408   409   410   >>   >|  
: ACP, AfDB, C, CCC, ECA, ECOWAS, FAO, G-77, GATT, IBRD, ICAO, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IMF, IMO, INTELSAT (nonsignatory user), INTERPOL, IOC, ITU, NAM, OAU, OIC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation in US: chief of mission: (vacant); Charge d'Affaires Aminatta DIBBA chancery: Suite 1000, 1155 15th Street NW, Washington, DC 20005 telephone: [1] (202) 785-1399, 1379, 1425 FAX: [1] (202) 785-1430 US diplomatic representation: chief of mission: Ambassador Andrew J. WINTER embassy: Fajara, Kairaba Avenue, Banjul mailing address: P. M. B. No. 19, Banjul telephone: [220] 392856, 392858, 391970, 391971 FAX: [220] 392475 Flag: three equal horizontal bands of red (top), blue with white edges, and green @The Gambia:Economy Overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. About 75% of the population is engaged in crop production and livestock raising, which contribute 30% to GDP. Small-scale manufacturing activity - processing peanuts, fish, and hides - accounts for less than 10% of GDP. A sustained structural adjustment program, including a liberalized trade policy, had fostered a respectable 4% rate of growth in recent years. Reexport trade constitutes one-third of economic activity; however, border closures associated with Senegal's monetary crisis in late 1993 led to a halving of reexport trade, reducing government revenues in turn. The 50% devaluation of the CFA franc in January 1994 has made Senegalese goods more competitive and apparently prompted a relaxation of Senegalese controls, paving the way for a comeback in reexports. But overwhelming these developments were the devastating effects of the military's takeover in July 1994. By October, traffic at the Port of Banjul had fallen precipitously as importers nervously scaled back their activities with the commencement of the anticorruption drive by the new regime. Concerned with the growing potential for serious unrest after a countercoup attempt was bloodily put down by the regime, the United Kingdom and the EU in November issued a travelers advisory for The Gambia, which brought a halt to tourism almost immediately. The Gambia faces additional problems in 1995 if, as is likely, economic sanctions by Western governments remain in effect in response to indications that the military regime inte
PREV.   NEXT  
|<   361   362   363   364   365   366   367   368   369   370   371   372   373   374   375   376   377   378   379   380   381   382   383   384   385  
386   387   388   389   390   391   392   393   394   395   396   397   398   399   400   401   402   403   404   405   406   407   408   409   410   >>   >|  



Top keywords:

Gambia

 

Banjul

 

regime

 
telephone
 

mission

 

activity

 

economic

 

Senegalese

 

representation

 
military

reexport

 
halving
 
sanctions
 

reducing

 
revenues
 

government

 

Western

 

Senegal

 
monetary
 
crisis

competitive

 
apparently
 

relaxation

 

prompted

 
devaluation
 

January

 

closures

 
policy
 

indications

 

fostered


response

 

respectable

 

liberalized

 

structural

 

sustained

 

adjustment

 

program

 

including

 

remain

 

governments


border

 

constitutes

 
effect
 

growth

 

recent

 

Reexport

 

controls

 
paving
 

brought

 

advisory