Democratic Republic of São Tomé and Príncipe: Selected Issues
Summary:
This Selected Issues paper for the Democratic Republic of São Tomé and Príncipe (STP) underlies the recent upward trend in inflation that was heavily influenced by external factors. The policy mix to achieve price stability requires effective control of money supply and fiscal restraint. As in other developing countries, operational targets for monetary policy need to be considered, taking into account STP’s specific circumstances. Weak financial intermediation limits the effectiveness of some monetary instruments such as short-term interest rates.
Series:
Country Report No. 2008/306
Subject:
Central banks Expenditure Inflation Monetary base Money Prices Revenue administration Sterilization
English
Publication Date:
September 19, 2008
ISBN/ISSN:
9781451835175/1934-7685
Stock No:
1STPEA2008004
Pages:
27
Please address any questions about this title to publications@imf.org