Democratic Republic of São Tomé and Príncipe: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe
August 1, 2007
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This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for the Democratic Republic of São Tomé and Príncipe. All quantitative performance criteria and structural benchmarks for end-December 2006 were met. Progress continues on structural reform, albeit sometimes slower than originally envisaged. The authorities agreed to strengthen policy implementation to bring inflation further down. IMF staff recommends completion of the fourth review based on the country’s performance and policy commitments.
Subject: Asset and liability management, Bonuses, Commodities, Debt relief, External debt, Labor, National accounts, Oil
Keywords: BCSTP, Bonuses, CR, Debt relief, executive board's discussion, Global, IMF staff estimate, ISCR, long-term debt sustainability, Oil, priority expenditure, Three-Year PRGF arrangement
Pages:
56
Volume:
2007
DOI:
Issue:
267
Series:
Country Report No. 2007/267
Stock No:
1STPEA2007003
ISBN:
9781451925449
ISSN:
1934-7685
