Sao Tome and Principe: Review of Performance Under a Staff-Monitored Program
IMF Staff Country Reports, December 27, 2002
Source details
- Canonical URL
- Sao Tome and Principe: Review of Performance Under a Staff-Monitored Program
Other formats
Bibliographic details
- Published: December 27, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835052.002
Executive summary
- Reviews performance of Sao Tome and Principe under the Staff-Monitored Program (SMP).
- The Poverty Reduction and Growth Facility-supported program went off track at end-2000 because of fiscal and structural slippages.
- Slippages were compounded in 2001 by the emergence of oil-sector governance concerns.
- Authorities requested an SMP for the first half of 2002; spending overruns reoccurred and most SMP benchmarks were missed.
- Program implementation during the first half of 2002 was disappointing; the key quantitative benchmarks for end-June 2002 were not observed.
Key findings
- Fiscal and structural slippages caused the PRGF-supported program to go off track at end-2000.
- Oil-sector governance concerns emerged in 2001 and compounded implementation problems.
- The SMP requested for the first half of 2002 did not restore program performance: spending overruns reoccurred.
- Most SMP benchmarks were missed during the SMP period.
- Quantitative benchmarks for end-June 2002 were not met.
Subjects and keywords (as stated)
- Subjects: Arrears, Commodities, Debt service, Expenditure, External debt, Oil
- Keywords: Africa, Arrears, authorities' resolve, CR, credit to government, Debt service, government, government contract, government operation, government's contracting, HIPC Initiative, ISCR, macroeconomic objective, net, Oil, procurement contract, São Tomé and Príncipe authorities
Document identifiers and publication metadata (as listed on the page)
- Pages: 58
- Volume: 2002
- Issue: 270
- Series: Country Report No. 2002/270
- Stock No: 1STPEA0032002
- DOI: https://doi.org/10.5089/9781451835052.002
- ISBN: 9781451835052
- ISSN: 1934-7685
International Monetary Fund. "Sao Tome and Principe: Review of Performance Under a Staff-Monitored Program", IMF Staff Country Reports 2002, 270 (2002).
Content in this bundle
- Sao Tome and Principe: Review of Performance Under a Staff-Monitored Program - ISCR/02/270