Democratic Republic of São Tomé and Príncipe : First Review Under the Extended Credit Facility Arrangement

Publication Date: July 15, 2013
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Summary: This paper discusses the Democratic Republic of São Tomé and Príncipe’s First Review under the Extended Credit Facility Arrangement. The economy remains vulnerable to external and domestic shocks. Growth decelerated to 4 percent in 2012, reflecting persistent global uncertainties, particularly in Europe, which contributed to a slowdown in foreign direct investment, and in the execution of the foreign-financed public investment program. Commercial banks profitability and capital-to-risk weighted assets ratio declined in 2012, reflecting more challenging lending conditions. The central bank continues to strengthen its banking supervision function through on-site inspections and enforcement of banking regulation.
Series: Country Report No. 13/208
Subject(s): Extended Credit Facility | Fiscal policy | External borrowing | Banking sector | Liquidity management | Bank supervision | Economic indicators | Staff Reports | Press releases

Notes Also Available in Portuguese
Publication Date: July 15, 2013
ISBN/ISSN: 9781475597257/1934-7685 Format: Paper
Stock No: 1STPEA2013001 Pages: 61
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