Democratic Republic of São Tomé and Príncipe: Selected Issues

International Monetary Fund

No 2016/175, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the following selected issues related to the São Tomé and Príncipe’s economy: tourism competitiveness in São Tomé and Príncipe—challenges and strategy, macro-financial linkages, private sector development, and challenges of small financial systems. São Tomé and Príncipe has experienced significantly faster growth in tourism than most tourism-dependent small states (TDSS). An application of a tourism gravity model shows that São Tomé and Príncipe is competitive in compared to TDSS. However, tourism development in this country faces broad challenges both on the micro and micro level. São Tomé and Príncipe can do well with venture capital-type financing for micro, small-, and medium-sized enterprises.

Keywords: ISCR; CR; São Tomé and Príncipe; financial system; bank; tourism competitiveness; financial system size; small financial systems; financial systems matter; IMF staff estimate; credit growth; tourism service infrastructure; is total factor productivity; Nonperforming loans; Financial sector; Credit; Commercial banks; Tourism; Sub-Saharan Africa; East Asia; Asia and Pacific; Europe; Global (search for similar items in EconPapers)
Pages: 45
Date: 2016-06-17
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