Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Extended Credit Facility
August 2, 2012
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The Democratic Republic of São Tomé and Príncipe shows prudence in maintaining its fiscal stance assisted by the IMF extended credit facility (ECF). The authorities aim to concentrate on maintaining macroeconomic stability even though debt distress owing to a narrow export base and other issues loom as threats. Focus is on strengthening of existing monetary and public finances policies, banking supervision, and anti-money laundering, which will help in reducing poverty. Revenue from oil production is also expected to help achieve the target by 2015.
Subject: Bank deposits, Central banks, External debt, Financial services, International reserves, National accounts, Public debt
Keywords: Africa, anti-money laundering framework, anti-money laundering law, authorities' effort, Bank deposits, CR, debt, deficit, Europe, Global, government, International reserves, ISCR, monetary management, São Toméan authorities, Sub-Saharan Africa
Pages:
99
Volume:
2012
DOI:
Issue:
216
Series:
Country Report No. 2012/216
Stock No:
1STPEA2012002
ISBN:
9781475505702
ISSN:
1934-7685
