Sao Tomé and Príncipe: Recent Economic Developments and Selected Issues

September 29, 1997

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Sao Tomé and Príncipe: Recent Economic Developments and Selected Issues, (USA: International Monetary Fund, 1997) accessed November 22, 2024

Summary

This Selected Issues paper highlights that the financial performance of Sao Tomé and Príncipe, after improving in 1995, deteriorated again in 1996, while production continued to stagnate. In 1995, the authorities adopted policies aimed at stabilizing the economy, which led to a significant improvement in the fiscal position. The strengthening of control over monetary expansion made possible a reduction of end-of-period inflation to 37 percent, from 75 percent in 1994. In 1996, however, fiscal slippages and the consequent monetary financing of the budget deficits resulted in a resurgence of inflation and currency depreciation.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Credit, Expenditure, Financial institutions, Foreign exchange, Money

Keywords: Agricultural commodities, Balance of payments, Commercial banks, CR, Credit, Enterprise, Government, Government contribution, Government financing, ISCR, Land reform, Marketing enterprise, Sub-Saharan Africa, Terms of trade

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/081
Stock No:

1STPEA0011997
ISBN:

9781451834970
ISSN:

1934-7685

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