São Tomé and Príncipe: Recent Economic Developments and Selected Issues

June 10, 2000

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São Tomé and Príncipe: Recent Economic Developments and Selected Issues, (USA: International Monetary Fund, 2000) accessed December 23, 2024

Summary

São Tomé and Príncipe is a small, island country with some 138,000 inhabitants; its resources are limited, and its GDP per capita is estimated at about US$295 (1998). The economy is heavily dependent on cocoa, which accounts for 96 percent of export goods. The country has liberalized the economy and reduced the role of government in productive activities in the 1990s. The government has successfully implemented a staff-monitored program in 1998–99 that has turned around the primary budget balance from a deficit to a surplus, reduced inflation, and has helped improve real GDP growth.

Subject: Arrears, Asset and liability management, Debt relief, Debt service, Exchange rates, External debt, Foreign exchange, Tariffs, Taxes

Keywords: Africa, Arrears, Cash payment, CR, Customs taxation scheme, Debt burden, Debt relief, Debt service, Exchange rate development, Exchange rates, Expansionary fiscal policy, ISCR, Prudent fiscal policy, Public enterprise, São Tomé and Príncipe, Stance of monetary policy, Tariff reform, Tariffs, Tax, Trade tax regime, U.S. dollar, West Africa, Year-on-year inflation

Publication Details

Pages:

119
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/069
Stock No:

1STPEA0022000
ISBN:

9781451835021
ISSN:

1934-7685

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