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

International Monetary Fund

No 2006/400, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Three-Year PRGF arrangement; completion of the review; amount equivalent to SDR; monetary policy; amount of SDR; debt relief; interest rate; foreign exchange; exchange rate; Oil; Debt relief; Bonuses; International reserves; Global (search for similar items in EconPapers)
Pages: 75
Date: 2006-11-09
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