IMF Staff Country Reports

Democratic Republic of São Tomé and Príncipe: Fifth Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

March 7, 2008

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Democratic Republic of São Tomé and Príncipe: Fifth Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe, (USA: International Monetary Fund, 2008) accessed November 26, 2024

Summary

Economic activity continues to be robust in 2007, driven by foreign investment in tourism-related construction and services. The central bank (BCSTP) strengthened its efforts to control liquidity growth. Progress on structural reforms has been mixed. The authorities intend to accelerate public financial management reform. The authorities and IMF staff shared the view that the country’s fiscal and external financing strategies need to adjust to the uncertain oil revenue prospects. The BCSTP is committed to deepening foreign exchange market reform.

Subject: Asset and liability management, Banking, Bonuses, Commodities, Debt relief, Economic and financial statistics, Monetary statistics, National accounts, Oil, Public financial management (PFM)

Keywords: Assistance, CR, Debt relief, Disbursement of topping-up HIPC assistance of SDR, Global, HIPC topping-up assistance disbursement, ISCR, Monetary statistics, Oil, Oil bonus, PRGF arrangement, PRGF review, Topping up, Topping-up HIPC assistance

Publication Details

  • Pages:

    72

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/095

  • Stock No:

    1STPEA2008001

  • ISBN:

    9781451835144

  • ISSN:

    1934-7685

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