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Momodou
Denmark
11717 Posts |
 Posted - 27 Feb 2007 : 13:05:02
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DEBT AND NEW FINANCING STRATEGY REPORT DUE SOON
Bubacarr K. Sowe
Dr. Chris O. Itsede, Director General of the West African Institute for Financial and Economic Management (WAIFEM), has announced that Gambia will soon get a report articulating debt and new financing strategy.
Dr. Itsede was speaking at an ongoing debt and new financing strategy analysis workshop organised by his institute and Debt Relief International (DRI) at the Paradise Suites Hotel.
He said that participants who are officials with responsibility for debt management and poverty reduction programmes in The Gambia will produce a report for the consideration of senior policymakers. He said they will also prepare a time table for regular updating of the country's debt strategy; and review capacity building needs for strengthening, monitoring and analyzing those different types of external resource inflows."
Specifically, Dr. Itsede said the workshop will review and update The Gambia Debt Strategy Document prepared in 2000, identify priority creditors or donors in line with best practices in financing for the Poverty Reduction Strategy Paper II (PRSP II) and sensitise government officials on debt and new financing strategy issues.
With funding by the governments of Austria, Canada, Ireland, Sweden, Switzerland and United Kingdom, since 1999 WAIFEM and DRI have worked to capacitate a national team of officials with expertise in Debt Strategy Analysis (DSA) methodology in each WAIFEM member country. Itsede said due to staff turnover, many of the trained Gambian officials on DSA Methodology have either left the public service for the private sector with higher remuneration or gone for further studies, thus creating capacity constraint in the Debt Management Units.
Source: Foroyaa Newspaper Burning Issue
Issue No. 023/2007, 26-27 February 2007
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