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Download or read book Democratic Republic of S o Tom and Pr ncipe written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-02 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Democratic Republic of S o Tom and Pr ncipe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-01-06 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Information Annex highlights that the World Bank and the IMF are providing complementary support to help São Tomé and Príncipe strengthen public financial management and make progress toward debt sustainability. The World Bank’s work program is guided by an Interim Strategy Note approved in 2011 that focuses on accelerating sustainable and broad-based economic growth and on strengthening governance, public institutions, and human capital. A new Country Assistance Strategy for 2013–16 will be completed in 2014, following the recent completion of a Joint Staff Assessment Note on the country’s second National Poverty Reduction Strategy. Regarding debt sustainability, the World Bank and the IMF teams prepared a Joint IMF–World Bank Debt Sustainability Analysis update in 2012.

Download or read book Democratic Republic of S o Tom and Princ pe Staff Report for the 2011 Article IV Consultation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-02-08 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: São Tomé & Príncipe remains at high risk of debt distress, although it has received substantial debt relief. The increases in world food and fuel prices have rekindled domestic inflation pressures. Inflation has declined substantially since 2008, but remains at double-digit levels. A tightening of fiscal and monetary policies in 2008 followed by a decline in world food and oil prices helped lower year-over-year inflation from a peak of 37 percent in July 2008 to 11.5 percent in June 2010.

Download or read book S o Tom and Pr ncipe written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-04-19 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sao Tome and Principe stands at the threshold of the oil era. The government’s objective of stabilizing the non-oil primary fiscal deficit over the medium term is appropriate. Executive Directors support the government’s approach to monetary policy, which is consistent with the flexible exchange regime and focuses on limiting inflation and enhancing credit access for entrepreneurs. Sao Tome and Principe's flexible exchange rate regime remains appropriate. Sao Tome and Principe's statistical framework suffers from serious weaknesses, and institutional capacity needs to be enhanced.

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Download or read book Introduction to Sao Tome and Principe written by Gilad James, PhD and published by Gilad James Mystery School. This book was released on with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: São Tomé and Principe is a small island nation located off the coast of West Africa. The country is comprised of two main islands, São Tomé and Principe, along with several smaller islets. The nation has a population of approximately 200,000 people and the official language is Portuguese. São Tomé and Principe was colonized by the Portuguese in the late 15th century and gained independence in 1975. The country’s economy is predominantly based on agriculture, with cocoa being the primary export. São Tomé and Principe is known for its biodiversity and ecotourism, with about 30% of the total land area being designated as protected areas. The nation is also rich in cultural and historical landmarks, such as the historic city of São Tomé, which is home to many colonial-era buildings and sites. Despite being considered to be one of the poorest countries in the world, São Tomé and Principe is actively working towards economic development and has attracted significant foreign investment in recent years.

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