Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review
IMF Staff Country Reports, August 2, 2018
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- Canonical URL
- Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review
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Bibliographic details
- Published: August 2, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484372227.002
Overview
- Publication date: August 2, 2018
- Format: IMF Staff Country Report (Country Report No. 2018/251)
- Pages: 118
- DOI: https://doi.org/10.5089/9781484372227.002
- ISBN: 9781484372227
- ISSN: 1934-7685
- Core subject areas: Arrears, Banking, External debt, Imports, International reserves, International trade, National accounts, Revenue administration
Macroeconomic performance (2015–2017 context)
- GDP growth in 2017 is estimated at about 4 percent, similar to the previous two years.
- Fiscal consolidation continued albeit at a slower pace than expected.
Inflation and causes
- Inflation spiked to 7.7 percent at end 2017.
- Identified proximate causes:
- Unfavorable weather conditions.
- An increase in import taxes on selective goods.
Macroeconomic outlook and projections
- Growth is expected to remain at 4 percent in 2018.
- Growth is projected to accelerate to 5 percent in the medium term as new externally-financed projects get under way.
Keywords and thematic focus
- Keywords included: Arrears, authority, capital account management strategy, CR, debt, disbursement of SDR, Executive Board's decision, expenditure control measure, Global, Imports, ISCR, measure, real GDP, São Tomé and Príncipe's economy, Sao Tomean authorities, Sub-Saharan Africa, targeted development outcome.
International Monetary Fund. Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review (IMF Staff Country Report No. 2018/251), August 2, 2018.
Content in this bundle
- Country Report