Sao Tomé and Príncipe: Background Papers and Statistical Appendix

July 20, 1995

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Sao Tomé and Príncipe: Background Papers and Statistical Appendix, (USA: International Monetary Fund, 1995) accessed November 22, 2024

Summary

This paper describes economic and financial developments in Sao Tomé and Príncipe during the 1990s. The economic and financial performance deteriorated sharply during 1994, owing to excessively expansionary fiscal and monetary policies. Although real GDP grew virtually at the same rate as in 1993, inflation almost doubled. The fiscal deficit increased markedly compared with 1993, and was financed to a much greater extent than in the past by net credit from the banking system. Nonetheless, the balance of payments improved, primarily owing to higher inflows of private and official unrequited transfers.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Credit, Economic sectors, Financial institutions, Foreign exchange, Money, Public enterprises

Keywords: Agricultural commodities, Banking system, Central bank, Commercial banks, CR, Credit, Discount rate, Foreign exchange, ISCR, Private sector, Public enterprises, Structural adjustment

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/065
Stock No:

1STPEA0011995
ISBN:

9781451834956
ISSN:

1934-7685

Notes

This background report and statistical appendix on Sao Tome and Principe was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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