São Tomé and Príncipe: Recent Economic Developments and Selected Issues
IMF Staff Country Reports, June 10, 2000
Source details
- Canonical URL
- São Tomé and Príncipe: Recent Economic Developments and Selected Issues
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Bibliographic details
- Published: June 10, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835021.002
Overview
- São Tomé and Príncipe is a small, island country with some 138,000 inhabitants.
- 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 economy was liberalized and the role of government in productive activities was reduced in the 1990s.
Recent policy actions and outcomes
- The government successfully implemented a staff-monitored program in 1998–99.
- Program outcomes included:
- Turnaround of the primary budget balance from a deficit to a surplus.
- Reduced inflation.
- Helped improve real GDP growth.
Subjects and keywords covered
- Subjects: Arrears, Asset and liability management, Debt relief, Debt service, Exchange rates, External debt, Foreign exchange, Tariffs, Taxes
- Keywords: Africa, Arrears, cash payment, CR, customs taxation scheme, debt burden, Debt relief, Debt service, exchange rate development, Exchange rates, expansionary fiscal policy, ISCR, prudent fiscal policy, public enterprise, São Tomé and Príncipe, stance of monetary policy, tariff reform, Tariffs, tax, trade tax regime, U.S. dollar, West Africa, year-on-year inflation
Content in this bundle
- Sao Tome and Pricipe: Recent Economic Developments and Selected Issues - ISCR/00/69