This web page provides information on the activities of the IMF office in São Tomé and Príncipe, views of the IMF staff, and the relations between São Tomé and Príncipe and the IMF. Additional information can be found on the São Tomé and Príncipe and IMF country page, including official IMF reports and Executive Board documents in English and Portuguese that cover São Tomé and Príncipe.
At A Glance
• Current IMF membership: 191 countries
• São Tomé and Príncipe joined the IMF on September 30, 1977
• Total Quotas: SDR 14.8 million
• Outstanding Purchases and Loans: 25.21 million (March 31, 2023)
• Article IV/Country Report : April 4, 2022
Office Activities
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Meeting with the new President of the Court of Auditors of São Tomé and Príncipe
Resident Representative, Bahrom Shukurov, meeting with the new President of the Court of Auditors of São Tomé and Príncipe.
October 30, 2023
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IMF Staff Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe. The PDF includes some photos of the event.
March 31, 2023
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Opening ceremony of the VAT implementation campaign in Príncipe, March 2023.
Opening ceremony of the VAT implementation campaign in Príncipe with Resident Representative. The PDF includes some photos of the event.
March 20, 2023
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Meeting with Speaker of Parliament of São Tomé and Príncipe, December 2022
Resident Representative meeting with Speaker of Parliament of São Tomé and Príncipe - The PDF includes some photos of the event.
December 9, 2022
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Presenting in São Tomé the Regional Economic Outlook for Sub-Saharan Africa: Living on the Edge
Resident Representative Bahrom Shukurov presented in São Tomé the IMF’s Regional Economic Outlook for Sub-Saharan Africa to the Ministry of Finance, Central Bank, banks, and international community.
November 24, 2022
São Tomé and Príncipe and the IMF
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December 19, 2024
Washington, DC – December 19, 2024: The IMF Executive Board today approved a 40-month ECF arrangement for São Tomé and Príncipe, in the amount of SDR 18.5 million (approximately US$24 million, or 125 percent of the country's quota), to support the nation’s economic and structural reforms. The Board’s decision enables an immediate disbursement of SDR 3.964 million (about US$5 million). The remaining amount will be disbursed over the duration of the arrangement, subject to semi-annual reviews.
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October 21, 2024
An International Monetary Fund (IMF) team led by Mr. Slavi Slavov, Mission Chief for São Tomé and Príncipe, visited São Tomé during May 23 – June 5, 2024, and held virtual discussions in the recent months, to discuss with the São Toméan authorities IMF support for their policies and reform plans.
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IMF Staff Completes Visit to São Tomé and Príncipe
June 6, 2024
An International Monetary Fund (IMF) team led by Mr. Slavi Slavov, Mission Chief for São Tomé and Príncipe, visited São Tomé during May 23 – June 5, 2024, to discuss with the São Toméan authorities IMF support for their policies and reform plans.
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Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate
May 1, 2023
Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.
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March 31, 2023
“The São Toméan authorities and the IMF team have reached staff-level agreement to support the authorities’ economic adjustment and reform policies with a new 40-month program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of SDR 14.8 million or about US$20 million. The agreement is subject to approval by IMF Management and Executive Board in the period ahead, contingent on the implementation of prior actions by the authorities.
Regional Economic Outlook
October 25, 2024
Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report
Departmental Papers on Africa
Fraudulent Scam Emails
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF