Democratic Republic of São Tomé and Príncipe: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; and Press Release on the Executive Board Consideration
November 9, 2006
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In 2005, the overall macroeconomic performance was broadly satisfactory, notwithstanding an increase in inflation. All performance criteria were met. Structural reforms advanced, and delays in preparing feasibility studies for restructuring the airport and seaport authorities are being addressed. Economic performance in 2005 was broadly satisfactory, although inflation accelerated. The fiscal program is designed to protect pro-poor spending. The program assumes a broadly stable velocity of circulation of money. The macroeconomic outlook and the program are subject to risks.
Subject: Asset and liability management, Bonuses, Central banks, Commodities, Debt relief, International reserves, Labor, National accounts, Oil
Keywords: amount equivalent to SDR, amount of SDR, Bonuses, completion of the review, CR, debt relief, Debt relief, exchange rate, foreign exchange, Global, interest rate, International reserves, ISCR, monetary policy, Oil, Three-Year PRGF arrangement
Pages:
75
Volume:
2006
DOI:
Issue:
400
Series:
Country Report No. 2006/400
Stock No:
1STPEA2006003
ISBN:
9781451835113
ISSN:
1934-7685
