Republic of São Tomé and Príncipe: Second Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Extension and Augmentation of the Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of São Tomé and Príncipe
December 23, 2025
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São Tomé and Príncipe (STP) is confronting a challenging macroeconomic
environment marked by unfavorable demographic trends, an energy crisis, and delays in
the energy transition. As a result, GDP growth forecasts have been revised downward, and
an additional balance of payments gap is projected. Against this backdrop, the authorities
are requesting a 12-month extension of the 40-month ECF arrangement approved in
December 2024, along with an augmentation of SDR 4.44 million (30 percent of quota),
bringing total access to 155 percent of quota, combined with a more gradual and less
front-loaded path for fiscal adjustment, on the heels of the large cumulative fiscal
consolidation since 2022.
environment marked by unfavorable demographic trends, an energy crisis, and delays in
the energy transition. As a result, GDP growth forecasts have been revised downward, and
an additional balance of payments gap is projected. Against this backdrop, the authorities
are requesting a 12-month extension of the 40-month ECF arrangement approved in
December 2024, along with an augmentation of SDR 4.44 million (30 percent of quota),
bringing total access to 155 percent of quota, combined with a more gradual and less
front-loaded path for fiscal adjustment, on the heels of the large cumulative fiscal
consolidation since 2022.
Subject: Arrears, Debt sustainability, External debt, Public debt
Keywords: Arrears, Debt sustainability
Pages:
105
Volume:
2025
DOI:
Issue:
347
Series:
Country Report No. 2025/347
Stock No:
1STPEA2025004
ISBN:
9798229033916
ISSN:
1934-7685
