European Parliament Library

Democratic Republic of São Tomé and Príncipe, Fifth Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion - Staff Report; Press Release on the Executive Board Discussion, International Monetary Fund

Economic activity continues to be robust in 2007, driven by foreign investment in tourism-related construction and services. The central bank (BCSTP) strengthened its efforts to control liquidity growth. Progress on structural reforms has been mixed. The authorities intend to accelerate public financial management reform. The authorities and IMF staff shared the view that the country’s fiscal and external financing strategies need to adjust to the uncertain oil revenue prospects. The BCSTP is committed to deepening foreign exchange market reform
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Performance Under the Arrangement; Figures; 1. Recent Macroeconomic Developments, 2003-07; III. Policies for the Remainder of 2007; IV. The 2008 Program; A. Fiscal Policy; Boxes; 1. The Wage Bill, Composition of Public Expenditure, and Fiscal Sustainability; B. Monetary and Exchange Rate Policies; C. Structural Reforms; D. Debt Management; V. Program Monitoring and Risks; 2. Impediments to Private Sector Development and Supply Constraints; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2005-10
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU