VII Public Enterprise Reform
Author:
Mr. Eric Verreydt
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,
Mr. Michael T. Hadjimichael
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, and
Mr. Thomas Rumbaugh
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Language:
English
Print Publication Date:
15 Sep 1992
Keywords:
OP; adjustment effort; re-export trade; public enterprise sector; enterprise; Gambian economy; nonfinancial enterprise; sale of public enterprises; divestiture program; Public enterprises; Public sector

Abstract

At the beginning of the adjustment process, the public enterprise sector in The Gambia was largely inefficient, characterized by overstaffing and major financial and managerial weaknesses. This had given rise to pressures on government finances and to difficulties in servicing on schedule domestic and foreign loans undertaken by these enterprises. The public enterprise sector had expanded markedly during the period prior to 1985/86, to comprise 6 financial enterprises and 28 nonfinancial enterprises, of which 19 were fully owned by the Government.26

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Cover The Gambia
The Gambia
Economic Adjustment in a Small Open Economy
ISBN:
9781557752307
ISSN:
0251-6365
Publication Date:
15 Sep 1992
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557752307.084
Pages:
48

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