Democratic Republic of Sao Tome and Principe : Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

October 29, 2019

Electronic Access:

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Summary:

São Tomé and Príncipe is a fragile, small island-state, with limited resources and capacity. The last Extended Credit Facility (ECF) arrangement expired at end-2018 having gone off-track amid parliamentary elections, power outages, internal and external imbalances, and high debt vulnerability. Growth slowed, inflation rose, the fiscal position deteriorated, and foreign reserves declined sharply in 2018, while some critical structural reforms were delayed. Higher and more inclusive growth is needed to reduce poverty and unemployment, particularly among the large youth population.

Series:

Country Report No. 19/315

Subject:

English

Publication Date:

October 29, 2019

ISBN/ISSN:

9781513517407/1934-7685

Stock No:

1STPEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

128

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