Democratic Republic of São Tomé and Príncipe: Third Review Under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director

September 8, 2021

Preview Citation

Format: Chicago

Democratic Republic of São Tomé and Príncipe: Third Review Under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director, (USA: International Monetary Fund, 2021) accessed November 16, 2024

Also available in: português

Summary

São Tomé and Príncipe has maintained macroeconomic stability in the period since the previous ECF review (February 2021). International support and the authorities’ swift actions helped mitigate the impact of the pandemic so far. Growth is estimated at 3 percent in 2020, supported by externally-financed spending. Growth is projected to slow to 2 percent in 2021, reflecting delays in the return of tourists, and to strengthen to 3 percent in 2022. The economic outlook is subject to high uncertainty and downside risks, notably the evolution of the pandemic.

Subject: Central banks, Debt sustainability, External debt, International organization, International reserves, Monetary policy, National accounts, Public debt

Keywords: Authorities of Sao Tome and Principe, Debt sustainability, Global, International reserves, IT system, Staff appraisal, Staff statement, Sub-Saharan Africa, VAT collection, West Africa

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/202
Stock No:

1STPEA2021002
ISBN:

9781513595375
ISSN:

1934-7685

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