São Tomé and Príncipe: Staff Report for the 2003 Article IV Consultation

April 19, 2004

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São Tomé and Príncipe: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 26, 2024

Summary

Sao Tome and Principe stands at the threshold of the oil era. The government’s objective of stabilizing the non-oil primary fiscal deficit over the medium term is appropriate. Executive Directors support the government’s approach to monetary policy, which is consistent with the flexible exchange regime and focuses on limiting inflation and enhancing credit access for entrepreneurs. Sao Tome and Principe's flexible exchange rate regime remains appropriate. Sao Tome and Principe's statistical framework suffers from serious weaknesses, and institutional capacity needs to be enhanced.

Subject: Commodities, Debt service, Economic sectors, Exports, External debt, International trade, Oil, Oil sector, Oil, gas and mining taxes, Taxes

Keywords: Africa, Authorities' choice, Authorities' effort, Authorities' intention, Authorities' interest, Authority, CR, Debt service, Europe, Exports, Gas and mining taxes, Government, ISCR, Monetary policy stance, Oil, Oil entity, Oil sector, State enterprise, Sub-Saharan Africa

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/108
Stock No:

1STPEA0022004
ISBN:

9781451835045
ISSN:

1934-7685

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