Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Extended Credit Facility

International Monetary Fund

No 2012/216, IMF Staff Country Reports from International Monetary Fund

Abstract: The Democratic Republic of São Tomé and Príncipe shows prudence in maintaining its fiscal stance assisted by the IMF extended credit facility (ECF). The authorities aim to concentrate on maintaining macroeconomic stability even though debt distress owing to a narrow export base and other issues loom as threats. Focus is on strengthening of existing monetary and public finances policies, banking supervision, and anti-money laundering, which will help in reducing poverty. Revenue from oil production is also expected to help achieve the target by 2015.

Keywords: ISCR; CR; government; deficit; debt; anti-money laundering framework; anti-money laundering law; São Toméan authorities; monetary management; authorities' effort; International reserves; Bank deposits; Global; Sub-Saharan Africa; Africa; Europe (search for similar items in EconPapers)
Pages: 99
Date: 2012-08-02
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