Democratic Republic of São Tomé and Princípe: Staff Report for the 2011 Article IV Consultation.

February 8, 2012

Preview Citation

Format: Chicago

Democratic Republic of São Tomé and Princípe: Staff Report for the 2011 Article IV Consultation., (USA: International Monetary Fund, 2012) accessed September 18, 2024

Summary

São Tomé & Príncipe remains at high risk of debt distress, although it has received substantial debt relief. The increases in world food and fuel prices have rekindled domestic inflation pressures. Inflation has declined substantially since 2008, but remains at double-digit levels. A tightening of fiscal and monetary policies in 2008 followed by a decline in world food and oil prices helped lower year-over-year inflation from a peak of 37 percent in July 2008 to 11.5 percent in June 2010.

Subject: Asset and liability management, External debt, National accounts, Public debt, Revenue administration

Keywords: Africa, Broad money, Central bank, CR, Debt relief, Development objective, Europe, Exchange rate, Global, Inflation development, ISCR, Monetary policy management, Poverty reduction objective, Price, Príncipe's economy

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/034
Stock No:

1STPEA2012001
ISBN:

9781463939076
ISSN:

1934-7685

Notes

Also Available in Portuguese

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