Democratic Republic of São Tomé and Príncipe: Debt Relief at the Completion Point Under the Heavily Indebted Poor Countries Initiative and Under the Multilateral Debt Relief Initiative
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Summary:
This paper examines the consideration of the Democratic Republic of São Tomé and Príncipe’s debt relief at the completion point under the enhanced Initiative for Heavily Indebted Poor Countries and Debt Relief under the Multilateral Debt Relief Initiative. Lower-than-projected export receipts largely owing to drought conditions and lower-than-expected tourism receipts, changes in cross-currency exchange rates, and variations in discount rates have been all unambiguously exogenous and outside the control of the authorities. There is need for continued fiscal prudence, policies to support broad-based growth and export diversification, continued donor support, and prudent debt management.
Series:
Country Report No. 2007/173
Subject:
Asset and liability management Commodities Debt relief Debt service External debt Oil Oil production Production Public and publicly-guaranteed external debt
English
Publication Date:
May 15, 2007
ISBN/ISSN:
9781451835137/1934-7685
Stock No:
1STPEA2007002
Pages:
77
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