Sao Tomé and Príncipe : Background Papers and Statistical Appendix

Author/Editor:

International Monetary Fund

Publication Date:

July 20, 1995

Summary:

This paper describes economic and financial developments in Sao Tomé and Príncipe during the 1990s. The economic and financial performance deteriorated sharply during 1994, owing to excessively expansionary fiscal and monetary policies. Although real GDP grew virtually at the same rate as in 1993, inflation almost doubled. The fiscal deficit increased markedly compared with 1993, and was financed to a much greater extent than in the past by net credit from the banking system. Nonetheless, the balance of payments improved, primarily owing to higher inflows of private and official unrequited transfers.

Series:

Country Report No. 95/65

Notes:

This background report and statistical appendix on Sao Tome and Principe was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

English

Publication Date:

July 20, 1995

ISBN/ISSN:

9781451834956/1934-7685

Stock No:

1STPEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

87

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