Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe
April 1, 2009
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This paper discusses a request from the Democratic Republic of São Tomé and Príncipe for a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The economic outlook for 2009 is broadly favorable, but subject to significant risks. The program spans a period including major elections; the authorities’ ability to meet fiscal objectives and implement monetary policy will be key to the success of the program. IMF staff recommends approval of the new PRGF arrangement based on the country’s policy commitments.
Subject: External debt, Fiscal policy, Fiscal stance, International trade, National accounts, Oil exports, Public debt
Keywords: Africa, CR, deficit, Fiscal stance, Global, government, ISCR, Oil exports, PRGF arrangement, PRGF loan, PRGF program, PRGF-supported program, US Millenium Challenge Corporation
Pages:
91
Volume:
2009
DOI:
Issue:
106
Series:
Country Report No. 2009/106
Stock No:
1STPEA2009001
ISBN:
9781451835199
ISSN:
1934-7685
