IMF Staff Country Reports

Democratic Republic of São Tomé and Príncipe: First Review Under the Extended Credit Facility and Request for Augmentation of Access, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

August 4, 2020

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Democratic Republic of São Tomé and Príncipe: First Review Under the Extended Credit Facility and Request for Augmentation of Access, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Also available in: português

Summary

The pandemic is taking a heavy toll on the fragile island nation of São Tomé and Príncipe. Tourist arrivals came to an abrupt halt in mid-March, externally financed projects are being delayed, and supply shipments are disrupted. In response to the local outbreak, emergency confinement measures have been in place since March to contain infection. The authorities began phasing out these measures in late June, aiming for a full reopening of the economy by end-July. A disbursement supported by the Rapid Credit Facility (SDR 9.028 million) was approved in April 2020. The authorities request an augmentation of the ECF program by 10 percent of quota (SDR 1.48 million).

Subject: Arrears, Banking, Central banks, COVID-19, Economic and financial statistics, External debt, Government finance statistics, Health, International reserves, National accounts, Public debt, Revenue administration

Keywords: Arrears, Authorities of São Tomé and Príncipe, Central Africa, COVID-19, CR, ECF arrangement, Emergency financing request, Global, Government finance statistics, IMF lending tracker, International reserves, ISCR, São Tomean authorities, West Africa

Publication Details

  • Pages:

    117

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2020/232

  • Stock No:

    1STPEA2020002

  • ISBN:

    9781513552118

  • ISSN:

    1934-7685

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