Democratic Republic of São Tomé and Princípe: Staff Report for the 2011 Article IV Consultation.
February 8, 2012
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São Tomé & Príncipe remains at high risk of debt distress, although it has received substantial debt relief. The increases in world food and fuel prices have rekindled domestic inflation pressures. Inflation has declined substantially since 2008, but remains at double-digit levels. A tightening of fiscal and monetary policies in 2008 followed by a decline in world food and oil prices helped lower year-over-year inflation from a peak of 37 percent in July 2008 to 11.5 percent in June 2010.
Subject: Asset and liability management, External debt, National accounts, Public debt, Revenue administration
Keywords: Africa, broad money, central bank, CR, Debt relief, development objective, Europe, exchange rate, Global, inflation development, ISCR, monetary policy management, poverty reduction objective, price, Príncipe's economy
Pages:
67
Volume:
2012
DOI:
Issue:
034
Series:
Country Report No. 2012/034
Stock No:
1STPEA2012001
ISBN:
9781463939076
ISSN:
1934-7685
