Democratic Republic of São Tomé and Príncipe: First Review Under the Three Year Arrangement Under the Extended Credit Facility Arrangement, and Request for Waivers of Performance Criteria: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
April 27, 2010
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This paper presents the Democratic Republic of São Tomé and Príncipe’s first review under the Three Year Arrangement under the Extended Credit Facility Arrangement. After averaging 6 percent a year over several years, real GDP growth in 2009 is estimated at 4 percent, reflecting a decline in foreign direct investment (FDI), which in part reflected the impact of the global crisis. Growth is expected to rebound in 2010, based on new FDI and increased official external financing.
Subject: Asset and liability management, Bank supervision, Debt relief, Debt sustainability analysis, External debt, Financial regulation and supervision, International reserves, National accounts, Public debt
Keywords: ADF XI allocation, ADF-IX resource, Africa, Bank supervision, CR, debt indicator, Debt relief, Debt sustainability analysis, financing operation, First Review of São Tomé and Príncipe's ECF arrangement, Global, IMF staff estimate, ISCR, public finance, resource constraint, São Tomé and Príncipe, São Tomé and Príncipe waiver, SDR, sustainability analysis
Pages:
80
Volume:
2010
DOI:
Issue:
100
Series:
Country Report No. 2010/100
Stock No:
1STPEA2010001
ISBN:
9781455203666
ISSN:
1934-7685
