Democratic Republic of São Tomé and Príncipe: Selected Issues
June 17, 2016
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This paper discusses the following selected issues related to the São Tomé and Príncipe’s economy: tourism competitiveness in São Tomé and Príncipe—challenges and strategy, macro-financial linkages, private sector development, and challenges of small financial systems. São Tomé and Príncipe has experienced significantly faster growth in tourism than most tourism-dependent small states (TDSS). An application of a tourism gravity model shows that São Tomé and Príncipe is competitive in compared to TDSS. However, tourism development in this country faces broad challenges both on the micro and micro level. São Tomé and Príncipe can do well with venture capital-type financing for micro, small-, and medium-sized enterprises.
Subject: Banking, Commercial banks, Credit, Economic sectors, Financial institutions, Financial sector, Money, Nonperforming loans, Tourism
Keywords: Asia and Pacific, bank, Commercial banks, CR, Credit, credit growth, East Asia, Europe, Financial sector, financial system, financial system size, financial systems matter, Global, IMF staff estimate, is total factor productivity, ISCR, Nonperforming loans, São Tomé and Príncipe, small financial systems, Sub-Saharan Africa, Tourism, tourism competitiveness, tourism service infrastructure
Pages:
45
Volume:
2016
DOI:
Issue:
175
Series:
Country Report No. 2016/175
Stock No:
1STPEA2016002
ISBN:
9781498308373
ISSN:
1934-7685
