The Chicken and Egg! Growth or Economic Stability

The chicken and the egg scenario has always intriqued man in his quest for rational thinking. Equally, the economist has for centuries toyed with the idea of the "other hand" yet proudly create a static environment "ceteris peribus" where all things are equal. In real life no two things are equal. #NewGAMBIA is at a demarche heading to a confluence that will put her on a collusion course with growth or doom. The path taken by Gambia at this confluence depends on the economic/development tool kit employed. A fiscal conservative economist would prescribe stability over growth and a neo liberal fiscalist would advocate growth over stability with the view that the calm has to come after the storm.

Either way, New Gambia wants prosperity propelled by economic growth and sustainable macro policies. If wishes were horses all beggars be riding to town. Our generation owe it to subsequent generations of Gambians to tidy up the fiscal mess we created through excessive public borrowing and decadent national lifestyle choices (public celebrations) that left us in the brink. This government must take a critical look at our situation and understand that our domestic debt is an existential threat to the long term macro stability of the state. The way out of our festering debt ailment is for Gambians to collective take responsibility of our predicament and it starts by buying into the sacrifice of bringing the debt down as Gambians. If we all pledge a token sum per person it will give us a stake in the process. Then the monetary authorities in consultation with the fiscal authorities develop  medium term debt instruments to help restructure our debt profile. Then and only then our economic growth will make sense to me. Let us not just think about our generation. It is our responsibility to pass on a Gambia with a clean bill of health to subsequent generations. A sovereign wealth management fund can address such issues. Hello Gambia, lets develop our nation with a medium to long-term strategic vision. For the Gambia I remain ever