São Tomé and Príncipe: Staff Report for the 2001 Article IV Consultation and Staff-Monitored Program

February 28, 2002

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São Tomé and Príncipe: Staff Report for the 2001 Article IV Consultation and Staff-Monitored Program, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This paper assesses the 2001 Article IV Consultation and Staff-Monitored Program (SMP) for Sao Tome and Principe. Fiscal slippages, delays in structural reforms, and governance problems during the fourth quarter of 2000 and the first three quarters of 2001 led to the program going off track. The key quantitative performance criterion on the primary budget balance and the quantitative benchmark on government spending were not observed at either end-December 2000 or end-June 2001. The SMP is intended to correct the slippages incurred in 2001 and reestablish a track record of policy implementation.

Subject: Banking, Commodities, Economic sectors, Expenditure, External debt, Fiscal policy, Fiscal stance, Oil, Oil sector

Keywords: Africa, Central bank, CR, Credit policy, Current account, Exchange rate, Financial operations deficit, Fiscal stance, Government, Government contract, Government expenditure, Government's share, ISCR, Oil, Oil sector, Share of the revenue

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/030
Stock No:

1STPEA0022002
ISBN:

9781451835038
ISSN:

1934-7685

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