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PM SOGAVARE'S MEDIA STATEMENT ON THE CURRENT POLITICAL SITUATION ...

......................................... WELCOME......................................... The Central Malaita Students Association (CMSA) is a multi-dialect and cultural Student Group Consisting of students from Kwara’ae. Langalanga. Kwai and Ngongosila. Malaita Outer Islands. Kwaio and Fataleka. Our vision and objective is to defend the norms and cultural values of our members while at the same time we compound our academic knowledge and skills towards the promotion of development and the improvement of living standards in our respective regions. ............................................. DISCLAIMER............................... The site welcomes any contribution by way of information comments news articles photos etc from its members and interested members of the public to ensure we are well informed of all the developments in our villages constituencies regions islands country region and the world at large as well. However any transmission of information news and comments is intended only for the use of the members of the Association. Any use or dissemination of information provided in this place in other websites or medium of information is not the responsibility of the Association and the Association cannot be held liable for it. The contents of this webpage unless expressly stated do not comprise the views of the Association or any representation by the Association but are views of its individual members.. PM SOGAVARE'S MEDIA STATEMENT ON THE CURRENT POLITICAL SITUATION IN SIGovt Media ServicesHoniaraFirstly I would like to thank you all for coming this afternoon to comprehend what I undergo to communicate the Nation. For some measure a sincere effort has been made on my move as leader of the Grand Coalition to maintain Government solidarity and political stability by seeking the react from Members of assemble and Cabinet before any decision is made or executed on my move. Therefore I would like to make it absolutely clear that the principle emphasized by this Government has been one of consultative and collective decision making in compliance with the due processes of assemble and Cabinet. It is unfortunate that certain Members of Cabinet have taken advantage of my tolerance and goodwill to further their own agenda’s which by virtue of their care cannot be considered as being in the public arouse or supportive of the Governments policies and National development priorities. While the Grand Coalition for dress Government has promoted the ‘Bottom Up Approach Policy’ as the solution to our economic and development inefficiencies this has not been reflected in the delivery of Government programs and prioritization of funding allocations. Information which has recently become available provides evidence of the fact that public funds have been mismanaged by the former attend of Finance Hon. Gordon Darcy Lilo for the purpose of seeking save from fellow politicians and private companies who had pledged their allegiance to support his agenda rather than that of the nation. This implication was confirmed recently when a report from the Ministry of Finance showed that the Governments cash reserves were almost exhausted due to excessive spending which lacked accountability and indicated improper management of public funds. Also a letter has been received from the Premier of Western Province Hon. Alex Lokopio demanding release of funds allocated by the National Government to the Western Provincial Government for Tsunami Rehabilitation which was signed as an ‘Agency Agreement’ on the 5th of September for the intend of mobilizing recovery programs within the affected areas but is yet to be administered. As responsible Leaders that be the populate of this Nation it is our solemn duty to put the interests of the public before our own particularly when innocent lives undergo been catastrophically affected and require the urgent attention of all Authorities mandated with a duty to ensure that every effort is made to serve in the best interests of the populate. Although Cabinet recognized the appropriateness of allowing the Honourable Member for Gizo/Kolombangara to act a leading role in addressing the recovery and rehabilitation of the April Disaster being his area of responsibility in both a personal and professional capacity it has change state obvious from the lack of any significant progress on the part of Government and concerns raised by Authorities responsible for those affected communities that he has neglected the very populate he was nominated to be. In addition no formal reconciliation has been provided by the former attend of pay to inform Cabinet about details of the disbursement of Disaster related funds provided by the Solomon Islands Government thereby raising serious implications on our credibility as a regulator of public monies. advance reports of attempted extortion have been submitted by certain logging affiliate executives which implicate the Member for Gizo/Kolombangara including a scandal within Solomon Airlines alter interference with other Ministries and possible links to bribery allegations evidenced within both the National and Provincial Governments that are still being investigated based on the bear witness which has been provided. As a senior Government Minister Hon. Darcy was given the acquire of the disbelieve to displace out his responsibilities in a transparent and accountable manner while complimenting the Governments policy objectives. This was the purpose of the Cabinet re-shuffle executed measure Thursday to provide the former pay attend with an opportunity to harmonise within Government the outstanding claims brought against him at various levels while continuing to bring home the bacon forward in the National interest as a cohesive and shelter Government. Despite these good intentions and a written acceptance from Hon Darcy of his new posting the former attend of Finance has worked aggressively to lobby give against my leadership of the Grand Coalition for dress Government together with the Minister for Planning and Aid Coordination Hon. Steve Abana without providing any explanation to justify the actions apart from indirectly citing reasons that are speculative and without basis but merely being used for political convenience to suppress the truth concerning corruption and misappropriation which has taken place within the Ministry of pay. The intention of the Grand Coalition for Change Government is to bring home the bacon political stability and progressive development through our policy objectives on behalf of the people of the Solomon Islands which are transparent and accountable and ensures the integrity and credibility of all responsible authorities. The motives of any who oppose this or falsely speculate about issues which undergo no relevance or bearing on the progress of this nation must be questioned. It is for this reason that I undergo decided to alter the new Minister for Justice and Law the attend for Planning and Aid Co-ordination. As Leader of the Grand Coalition Government I can no longer allow this situation to bear on whereby personal agenda’s and external interference of internal Government processes appear to be sabotaging the progress of our National development initiatives for the sake of individual benefit that are supported by rumours lies and corrupt practices. While the Government continues to investigate the extent of these scandals we remain committed to ensuring that national priorities are delivered in an efficient and expedient manner for the benefit of the people of Solomon Islands. For the record I would also like to state that the bind which appeared in Friday’s Solomon convey regarding the acquire of a property with two houses was a simple loan arrangement with the bank and a standard rental agreement with the ROC Embassy for their cater accommodation. We are in the process of taking legal challenge for the misrepresentation of information contained in the bind and the false allegations made against the Republic of China who undergo been used as scapegoats for the benefit of a alter political agenda. Thankyou.

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Law enforcement authorities detained the Deputy Minister of ...

Shefa Province Storchaka. Finance attend Alexei Kudrin is now outside Russia and specifically in Cape Town (South Africa) where the delegation of the Ministry of Finance is conducting talks with the countries of the "group of twenty (country G20 produce 85% of world GDP). On his way to South Africa in Nigeria had held talks on the Libyan debt. Chief peregovorschikom the meeting was to be precisely Sergei Storchak. However a discussion of the problem was actually frustrated because the Deputy attend of Finance has not been in the cut which went to Africa. Three years ago. December of 2004 was then head of the Department of international financial relations express's debt load and financial assets of the Ministry of Finance. Denis Mikhailov said RIA "Novosti". According to the version of investigation a former official in the Ministry of Finance of RF business entrepreneurs handed a document containing information constituting gostaynu and activities of interest to traders. In the Prosecutor command's Office claimed that as a reward Mikhailov received the car valued at about 87 thousand euros. Mihailova Mosgorsud sentenced to ten years in prison but the Supreme act of Russia has reduced declare to eight years and the Bureau of the Supreme Court of RF-to five years. According to the Sergei Storchak was born on 08 June 1954 from the city of Zhitomir Olevsk area USSR. He graduated from MGIMO FM USSR. From 1988 to 1992 he worked in the structures of the MFA. Candidate of Economic Sciences worked long enough in the domestic missions at the UN and other international organizations and only in 1994 came to work in the Ministry of Finance the Department of credit and external debt which at the measure was headed by Mikhail Kasyanov. Since December 1988 and 1992 he worked in the Ministry of Foreign Affairs of the USSR second permanent secretary of the USSR to the United Nations Office and other international organizations. Since 1998 six years Storchak was vice president of Vnesheconombank where once again left in the MOF Director of the Department of international financial relations state debt and state financial assets. Subsequently was appointed Deputy Minister of Finance.

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HE Yousef Hussain Kamal, Minister of Finance, Qatar to address ...

November 6. 2007 Qatar: H. E. Yousef Hussain Kamal. attend of pay at the Ministry of Finance. Qatar will address Economist Conferences' Financial Leaders Forum - a gala dinner and one day conference taking place on 5th and 6th November 2007 at the Four Seasons Hotel in Qatar. [AMEInfo com] November 06th 2007 Comments are closed. Search this place: A little something about you the author. Nothing lengthy just an overview.

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Juncker of the group of euro- says that Minister of Finance must ...

BRUSSELS (Thomson financially) - the euro govern attend of Finance must ‘ the independence respect ‘ and may not not behinderen by delivering statements which could not be understood ‘ by the markets euro’s group of presidents Jean Claude Juncker avowed Agence France press in an converse ‘ I thinks … <a href="" call=""> <abbr call=""> <acronym call=""> <b> <blockquote have in mind=""> <have in mind> <code> <del datetime=""> <em> <i> <q have in mind=""> <touch> <strong>

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Finance Minister presents 2008 Budget to Parliament

Ghana's Minister for pay and Economic Planning. Hon Kwadwo Baah-Wiredu on Thursday presented the 2008 budget statement to parliament in Accra. Highlights of the Budget Statement0. INTRODUCTIONThis report outlines the main highlights of the 2008 calculate Statement and Economic Policies of the Government of Ghana. The be of the inform is structured as follows. Section 1 presents the performance and achievements under the implementation of 2007 Budget while Section 2 highlights the 2008 calculate Targets and Outlook. Policy Initiatives are presented in Section 3. The report ends with Implementation Challenges under the 2008 Budget in Section 4.1. 2007 PERFORMANCE AND ACHIEVEMENTS1.1 Resolving the Energy CrisesA be of bunco medium and long-term interventions targeted at resolving the energy crises that assail the country this year and the later move of 2006 were pursued in 2007. Significant among them is the successful negotiation of the $622 million loan for the construction of the Bui dam and Bui City. The investment is the second largest hit investment in the history of the country after Akosombo Dam. To improve upon the generation transmission and distribution of electricity significant expenditures have been made since 2006 and by end-2008 government’s be budgetary expenses would have exceeded US$2 billion.1.2 Redenomination of the CediThe tip of Ghana on July 1. 2007 re-denominated the cedi by setting ten thousand cedis to one Ghana Cedi equivalent to one hundred Ghana Pesewas (i e. ¢10,000=Gh¢1=100Gp) to help remove the significant dead weight charge that the old cedi regime placed on the economy. This decide taken in the context of strong economic fundamentals and macroeconomic stability has already resulted in significant efficiency gains which are expected to compound the way we do business.1.3 Entry into Capital marketThe successful entry of Ghana into the Euro bond market is another unparalleled achievement this year. Government raised US $750m. Out of this. US$207.5 million has been earmarked for specific energy and road projects in 2007. The oversubscription of the bond together with the quality and internationality of the investors is a clear indication of the confidence that the international community reposes in the Ghanaian economy.1.4 Celebration of Ghana @ 50The country celebrated its fiftieth anniversary and successfully hosted the AU Summit and the AGOA conference in June and August respectively. The AU Summit in particular witnessed the highest turnout of Presidents and Heads of Government in recent times.1.5 Oil DiscoveryWith the country poised for accelerated growth a massive infusion of capital is required to initiate the necessary infrastructure to aid such growth. The discovery of oil in commercial quantities could therefore not have come at a more opportune time. A technical team has been constituted to initiate the necessary analysis of the impact of the oil discovery on the economy in the long term.1.6 New educational reformsThe new educational reforms which desire to alter upon our educational system in response to the needs and expectations of both individuals and industry was launched in 2007. A comprehensive package of reforms has been introduced with the main components including teacher upgrading and deployment attainment of gender parity the active promotion of science technology and research; and mainstreaming of pre-schools into the basic education system.1.7 DecentralisationAs a sign of government’s commitment to decentralisation the District Assemblies’ Common finance which has been pegged at 5 percent of tax revenue since 1993 was increased to 7.5 percent. Twenty-five (25) more districts have been created to aid exceed governance and accelerate the socio economic development of our districts.1.8 Fair Wages and Salaries CommissionThe Fair Wages and Salaries Commission has been constituted to administer a new comprehensive pay coordinate and ensure equity in the government payroll through a Legislative Instrument (Act 737) which was passed by Parliament this year. Government had earlier removed distortions and corrected placements on the Ghana Universal Salary Structure (GUSS). The ameliorate process is on-going with the obvious challenge of managing do work expectations particularly in an election year.1.9 National Youth EmploymentSeven (7) out of the ten (10) employment modules under the National Youth Employment Programme undergo been rolled out and are being implemented across the length and breadth of the country. A be of 107,114 youth undergo been engaged on the seven modules as at August 2007.1.10 Poverty trendsIn April 2007 the Ghana Statistical function published a book on the pattern and trends of poverty in Ghana from 1991 – 2006 which utilized data from the fifth go of the Ghana Living Standards analyse (GLSS 5). From the data provided it is evident that poverty has reduced significantly and Ghanaians are obviously better off today than they were seven years ago. The indicators show a downward trend in poverty from 39.5 percent in 1998/1999 to 28.5 percent in 2005/2006. We undergo halved extreme poverty relative to the 1991/92 levels ahead of the target date for the Poverty Goal under the MDGs. This achievement did not just come about; it was made possible through the discuss implementation of coherent and comprehensive policies and reflects the cause of increased government expenditure on poverty-reduction activities. Poverty-related expenditures increased from GH¢233.9 million in 2002 to GH¢1,237.4 million in 2006 representing 21.67 percent and 34.86 percent respectively of be government expenditure.1.11 bring in Domestic Product (GDP)Available data up to September 2007 and projections to end 2007 tell a provisional GDP growth of 6.3 per cent. 0.2 percentage points below the target of 6.5 per cent. Agriculture sector growth is projected at 4.3 per cent against a target of 6.1 per cent indicating a projected margin of 1.8 percentage points below the aim. This shortfall can be attributed to the erratic rainfall copy which swept the northern move of the country and a relative decline in the Fishing sub-sector as a result of dwindling fisheries resources. The Industry sector is projected to grow by 7.4 per cent a decline from the 2006 growth rates of 9.5 per cent. This is mainly due to the energy crisis. The Services sector which is not so dependent on electricity is projected to change at 8.2 per cent exceeding the 6.7 per cent aim by 1.5 percentage points. Apart from the displace. Storage and Communication sub-sector which grew below the 2006 aim the other sub-sectors exceeded the 2006 outturn. The wholesale and retail change and financial sub-sectors exceeded their targets.1.12 InflationHeadline inflation measured as year-on-year changes in the consumer price index which began the year at 10.9 per cent stood at 10.1 per cent at the end of October 2007 after peaking at 11.0 per cent in May 2007.1.13 Interest RatesIn the money market arouse rates followed a generally downward turn during the period. Deposit Money Banks add up deposit rates trended upwards while the average lending rate were generally unchanged narrowing the arouse evaluate spread. The 91 day Treasury account and 182 day Treasury account declined by 53 and 61 basis points to 9.8 per cent and 10.2 per cent respectively. The tip of Ghana fix evaluate also remained at 12.5 per cent during.

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Senior Advisor to the Minister of Finance

Post Level: International Special function Agreement (ISSA) Duty displace: Ministry of Finance (Resource Management Unit) (RMU) - Monrovia. LiberiaDuration of contract: Initially six months (with possible renewal) Starting Date: 1 October 2007go out of air: 20 August 2007 Closing Date: 7 September 2007This vacancy is change state to applicants of either sex. Preference will be given to equally qualified women candidates. Background:Liberia has undergone profound changes over the past one year. A country long known for civil and political strife is slowly but surely recovering under a democratically elected government headed by Ellen Johnson Sirleaf. The collaborative bring home the bacon between a Government that is committed to dress and the multi-donor. Governance and Economic Management Assistance Program (GEMAP) has made this possible. There is clear Government leadership and ownership of the ameliorate program which is characterized by transparency and accountability on issues of economic governance and sound fiscal management. As envisaged in GEMAP a Resource Management Unit (RMU) is being established in the Ministry of Finance to give improvements in the public financial management cycle. The World tip through the RMU is providing for specialized Technical Assistance in areas that have been prioritized by Ministry of Finance. The RMU shall have nine international and two local experts in the fields of expenditure and revenue management legal concessions information technology and dress management. The experts will have direct operational responsibility. The Government of Liberia has been committed to application of appropriate fiduciary standards and reforming the related business processes. The RMU aggroup of experts is expected to facilitate this process. Objective:This is s senior position for providing policy aim advice to the Minister of Finance of the Government of Liberia in the area of economic policy budgeting revenue expenditure and debt management matters and for leading a multidisciplinary team of ten advisers in the Ministry of Finance to bring about sustainable and lasting change in HR capacity institutional structures and processes. Scope of Work:Under the supervision of the Task Manager for the RMU Grant and the Minister of pay the Senior Advisor to the Minister of Finance ordain perform the following duties as per the below Terms of compose for this position: a) Report the attend of pay as senior advisor for all operational matters on an as-needed basis especially in the area of public finance;b) Provide give on the budgetary affect;c) Follow up and support the successful implementation of the IMF Staff Monitored Program and IMF successor program;d) Support the iPRSP process;e) Focus on the area of revenue generation including the successful implementation of restructuring plans for the main revenue-generating agencies;f) Support the budget execution process through supporting the streamlining and improving expenditure management procedures regulations and systems;g) Keep track of the progress made in implementing the government’s program and provide give for ensuring that the commitments made therein are delivered;h) Liaise with the IMF / World Bank and other bilateral / multilateral agencies on an as-needed basis i) Follow up on actions arising from the Liberia furnish’s Forum 2007j) Liaise with donors regarding the preparation of budget support operations to the Government of Liberiak) Assist with the preparation of new benchmarks with the IMFl) Provide support to the Minister of pay for ensuring that the working of various PFM Advisor’s in the MOF is well coordinated with a view to ensuring that tasks are delivered on time in the most efficient manner. Qualifications: Email application to this vacancy should be sent to the address below. Please insert Vacancy Announcement be in the affect of the email or written application. Applications without the Vacancy Announcement Number or with the incorrect Vacancy Announcement be will not be accepted. Attach photocopies of qualifications (i e technical certificates and academicals) and a one-page cover earn indicating your interest and suitability for the lay. Please note that applications received after the closing date will not be considered. Only short-listed applicants ordain be contacted for an interview.

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ADB Not For Sale ?Deputy Minister Declares

PPS to be made more efficient

Mr. Kwadwo Baah-Wiredu. attend of Finance and Economic Planning has said that the government is determined to support systematic capacity development programmes that would communicate the major challenges and bottlenecks arising from the inadequate technical skills required for the successful implementation and enforcement of the Public Procurement Law (2003 Act 663) His remarks were contained in a speech read by Mrs. Winifred Dy-Yakah. Deputy Upper West Regional Minister at the opening of a five-day training workshop for procurement practitioners drawn from Wa Municipal. Wa West and Nadowli govern at Wa this week. "For an effective public procurement system that is transparent and free of corruption to function it is simply not enough to decree Laws and set up regulations and publish manuals. The human factor needed to implement and enforce them is key". The workshop which is the first in a series being organized for various target groups throughout the country has the main objective of ensuring fairness transparency and determine for the scarce express resources in the procurement affect. The target groups are entity gift committees and tender review boards providers of goods works and services to the public sector oversight institutions such as the Ghana analyse Service. Commission for Human Rights and Administrative Justice. Serious Fraud Office. Members of Parliament and the media. M. Baah-Wiredu stated that making procurement efficient and ensuring value for money would ingeminate into exceed infrastructure and public services for the people. He said the motive for organizing the nationwide training programmes is reinforced by the fact that Ghana's public procurement reforms are increasingly becoming a centre of excellence within Africa and closely monitored by development partners. Mr. Stephen Amoah a representative of the Chief Executive of the Public Procurement Authority (PPA) announced that a proposal sponsored by the Authority on career and progression of procurement officials within the public sector had been accepted and approved by the Head of the Civil Service for implementation. He said the PPA capacity building policy was meant to back up the establishment of functional procurement units in each procurement entity with competent personnel that would undergo opportunities to create their professional careers in procurement. Mr. Amoah announced that the Public Procurement come in had been re-designated as the Public Procurement Authority.

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British finance minister criticises banks for loose lending

LONDON (AFP) — British finance minister Alistair Darling criticised banks and financial institutions for lending money too freely to customers who might be unable to pay the loan back in an converse published Thursday. Speaking to The Daily Telegraph. Chancellor of the Exchequer Darling said that in "crude terms they need to know who they're lending to how much they're lending and what the risk is." "Now that's elementary banking one might think but there are times when going back... /50% unread/ procure © 2003-2007 Agence France Presse. All rights reserved. This article is available through Premium find per our agreement with the publisher. Subscribe to Premium find for: Recipients do not be a MyWire subscription to view this article. The sender's find rights will be extended to the recipient for this article only. Recipient's telecommunicate will not be used for promotions nor disclosed to a third party.

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