Democratic Republic of São Tomé and Príncipe: Selected Issues

International Monetary Fund

No 2008/306, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for the Democratic Republic of São Tomé and Príncipe (STP) underlies the recent upward trend in inflation that was heavily influenced by external factors. The policy mix to achieve price stability requires effective control of money supply and fiscal restraint. As in other developing countries, operational targets for monetary policy need to be considered, taking into account STP’s specific circumstances. Weak financial intermediation limits the effectiveness of some monetary instruments such as short-term interest rates.

Keywords: ISCR; CR; São Tomé and Príncipe; tax; Banco Central de São Tomé and Príncipe; tax-to-GDP ratio; development partner; tax performance; tax rate; tax system; Inflation; Monetary base; Sterilization; Sub-Saharan Africa; Europe (search for similar items in EconPapers)
Pages: 27
Date: 2008-09-19
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