Democratic Republic of São Tomé and Príncipe: Staff Report for the 2005 Article IV Consultation and First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

October 10, 2006

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Format: Chicago

Democratic Republic of São Tomé and Príncipe: Staff Report for the 2005 Article IV Consultation and First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2006) accessed October 15, 2024

Summary

São Tomé and Príncipe pursued economic reforms and tried to reduce poverty amidst macroeconomic imbalances under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors supported the authorities’ decision to sustain the process of fiscal consolidation, and stressed the need for implementing a good budget and public expenditure management system. They commended the monetary and financial stances and the central bank’s international reserve position; welcomed the authorities' commitment to improve coverage, timeliness, and periodicity of basic macroeconomic statistics; and emphasized to accelerate structural reforms and achieve full transparency in oil revenue management.

Subject: Commodities, Economic sectors, External debt, National accounts, Taxes

Keywords: CR, Gas and mining taxes, Global, Government, ISCR, Oil, Oil sector, Oil sector transaction, PRGF loan, Sãotomean, Saotomean authorities, Sãotomean authorities, Sãotomean delegation, Staff appraisal, The Sãotomean authorities, Three-Year PRGF arrangement, Western Europe

Publication Details

Pages:

109
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/349
Stock No:

1STPEA2006002
ISBN:

9781451835106
ISSN:

1934-7685

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