São Tomé and Príncipe: Joint Staff Advisory Note on the Poverty Reduction Strategy Annual Progress Report

IMF Staff Country Reports, May 13, 2008

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The second Annual Progress Report (APR) evaluates progress of Poverty Reduction Strategy Paper (PRSP) implementation aimed to promote growth and reduce poverty in São Tomé and Príncipe.
The APR recognizes the need to tighten fiscal and monetary policies to safeguard macroeconomic stability.
Emphasis is placed on strengthened implementation of public financial management reforms and on achieving MDGs, particularly in health and education.
The APR stresses the need to review oil prospects in future reports.
The APR emphasizes the importance of debt relief, strong policy implementation, and greater coordination with the country’s development partners.

Fiscal and monetary tightening is needed to safeguard macroeconomic stability.
Strengthened implementation of public financial management reforms is required.
Achievement of MDGs is prioritized, with particular focus on health and education.
Future APRs should include a review of oil prospects.
Debt relief and greater coordination with development partners are important for PRSP success.

Tighten fiscal policies to support macroeconomic stability.
Tighten monetary policies to complement fiscal consolidation.
Accelerate implementation of public financial management reforms.
Prioritize actions to achieve MDGs in health and education.
Incorporate regular reviews of oil prospects into future APRs.
Pursue debt relief where appropriate and enhance coordination with development partners to support PRSP implementation.

São Tomé and Príncipe’s Poverty Reduction Strategy Paper
- São Tomé and Príncipe’s Poverty Reduction Strategy Paper (Markdown version)
- São Tomé and Príncipe’s Poverty Reduction Strategy Paper (PDF)