Banjul Banjul Banjul, officially the City of Banjul and formerly known as Bathurst, is the capital of The Gambia and is in a division of the same name. Banjul is on St Mary's Island (Banjul Island), where the Gambia River enters the Atlantic Ocean. The population of the city proper is 31,301, with the Greater Banjul Area, which includes the City of Banjul and the Kanifing Municipal Council, at a population of 413,397 (2013 census). The island is connected to the mainland to the west and the rest of Greater Banjul Area via bridges. There are also ferries linking Banjul to
Capital flight assets from a city or region within a country. Post-apartheid South African cities are probably the most visible example of this phenomenon. The flight of capital from central cities to the suburbs that ring them was also common throughout the second half of the twentieth century in the United States. Countries with resource-based economies experience the largest capital flight. A classical view on capital flight is that it is currency speculation that drives significant cross-border movements of private funds, enough to affect financial markets. The presence of capital flight indicates the need for policy reform. In 1995, the International Monetary