Democratic Republic of São Tomé and Príncipe: Selected Issues

September 19, 2008

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Democratic Republic of São Tomé and Príncipe: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

This Selected Issues paper for the Democratic Republic of São Tomé and Príncipe (STP) underlies the recent upward trend in inflation that was heavily influenced by external factors. The policy mix to achieve price stability requires effective control of money supply and fiscal restraint. As in other developing countries, operational targets for monetary policy need to be considered, taking into account STP’s specific circumstances. Weak financial intermediation limits the effectiveness of some monetary instruments such as short-term interest rates.

Subject: Central banks, Expenditure, Inflation, Monetary base, Money, Prices, Revenue administration, Sterilization

Keywords: Banco Central de São Tomé and Príncipe, CR, Development partner, Europe, Inflation, ISCR, Monetary base, São Tomé and Príncipe, Sterilization, Sub-Saharan Africa, Tax, Tax performance, Tax rate, Tax system, Tax-to-GDP ratio

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/306
Stock No:

1STPEA2008004
ISBN:

9781451835175
ISSN:

1934-7685

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