São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

September 8, 2005

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São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 25, 2024

Summary

This paper reviews the request from the São Tomé and Príncipe authorities for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). In 2004, the economy continued to grow at a moderate pace, but inflation increased to 15 percent by year-end, as bank credit to the private sector rose sharply and the government loosened fiscal policy. The proposed program for 2005–07 aims at correcting macroeconomic imbalances and sets the conditions for sustained strong growth. Real GDP growth is envisaged to slow down in 2005 in response to tight financial policies.

Subject: Arrears, Commodities, External debt, Oil, Oil, gas and mining taxes, Poverty, Poverty reduction, Poverty reduction strategy, Taxes

Keywords: Africa, Arrears, CR, Gas and mining taxes, Government, ISCR, Oil, Poverty reduction, Poverty reduction strategy, PRGF arrangement, Staff appraisal, STP authorities, Tax issue, Tax procedural code, Tax violation

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/323
Stock No:

1STPEA2005001
ISBN:

9781451925494
ISSN:

1934-7685

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