São Tomé and Príncipe: Recent Economic Developments and Selected Issues
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Summary:
São Tomé and Príncipe is a small, island country with some 138,000 inhabitants; its resources are limited, and its GDP per capita is estimated at about US$295 (1998). The economy is heavily dependent on cocoa, which accounts for 96 percent of export goods. The country has liberalized the economy and reduced the role of government in productive activities in the 1990s. The government has successfully implemented a staff-monitored program in 1998–99 that has turned around the primary budget balance from a deficit to a surplus, reduced inflation, and has helped improve real GDP growth.
Series:
Country Report No. 2000/069
Subject:
Arrears Asset and liability management Debt relief Debt service Exchange rates External debt Foreign exchange Tariffs Taxes
English
Publication Date:
June 10, 2000
ISBN/ISSN:
9781451835021/1934-7685
Stock No:
1STPEA0022000
Pages:
119
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