Ousainou Darboe has raised concerns about The Gambia’s debt, which has surpassed 100 billion dalasis. He argues that the funds used for debt servicing could better serve the economy if invested in agriculture. Darboe has also called for greater transparency regarding undisclosed loans and criticized agreements that diminish national control over valuable assets like the port.
In a recent press conference, Gambian opposition leader Ousainou Darboe expressed grave concerns regarding the nation’s escalating debt, which exceeds 100 billion dalasis. He highlighted that 11 billion dalasis are allocated for debt servicing, funds that could be more beneficial if directed toward agricultural development, significantly impacting the economy and social welfare of the country.
Mr. Darboe raised issues over transparency in government financial practices, suggesting that undisclosed loans exacerbate the nation’s debt crisis. He emphasized that through rigorous auditing, hidden debts could be unveiled, indicating potential financial mismanagement by the government.
He further criticized the government’s approach to securing additional loans while neglecting the need to address outstanding debts. Mr. Darboe advocated for a shift in focus towards sustainable investment in agriculture rather than further reliance on loans and grants for economic stability.
Additionally, he expressed disapproval of the Gambia Ports Authority’s agreement with foreign companies, which he believes relinquishes significant control over national assets. He pointed out that the agreement, which favors foreign partners substantially, equates to relinquishing sovereignty over critical governmental operations.
Ousainou Darboe’s statements underscore the urgent need for financial transparency and accountability in The Gambia, especially regarding the nation’s substantial debt burden. His call for prioritizing agricultural investments and reassessing international agreements reflects a growing concern for the nation’s economic future. Darboe’s remarks serve as a warning about the implications of continued borrowing without effective fiscal strategies.
Original Source: thepoint.gm
