Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review

August 2, 2018

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Format: Chicago

Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Also available in: português

Summary

This paper discusses São Tomé and Príncipe’s 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review. São Tomé and Príncipe’s GDP growth in 2017 is estimated at about 4 percent, similar to the previous two years. Inflation spiked to 7.7 percent at end 2017, caused by unfavorable weather conditions and an increase in import taxes on selective goods. Fiscal consolidation continued albeit at a slower pace than expected. The macroeconomic outlook is positive. Growth is expected to remain at 4 percent in 2018 and to accelerate to 5 percent in the medium term as new externally-financed projects get under way.

Subject: Arrears, Banking, External debt, Imports, International reserves, International trade, National accounts, Revenue administration

Keywords: Arrears, Authority, Capital account management strategy, CR, Debt, Disbursement of SDR, Executive Board's decision, Expenditure control measure, Global, Imports, ISCR, Measure, Real GDP, São Tomé and Príncipe's economy, Sao Tomean authorities, Sub-Saharan Africa, Targeted development outcome

Publication Details

Pages:

118
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/251
Stock No:

1STPEA2018001
ISBN:

9781484372227
ISSN:

1934-7685

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