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

International Monetary Fund

No 2025/347, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Democratic Republic of São Tomé and Príncipe’s 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. São Tomé and Príncipe’s structural challenges—remoteness, small size, climate risk exposure, weak institutions, narrow exports, and labor losses from emigration—hinder job-rich, inclusive, and blue growth. The authorities are committed to vigorously implementing their domestic revenue mobilization strategy to underpin fiscal consolidation. Risks to program implementation —including prolonged power outages, policy slippages in the run-up to next year’s elections, commodity price volatility, and climate-related events—are manageable, backed by the government’s strong commitment to engagement with the IMF. On the structural side, out of a total of fifteen structural benchmarks assessed, five were met, three were converted into prior actions, and one was implemented with a delay.

Keywords: staff appraisal; payment arrears; IMF staff; staff report; arrears of the central government; Global; Europe (search for similar items in EconPapers)
Pages: 105
Date: 2025-12-23
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=572788 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2025/347

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().