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Democratic Republic of São Tomé and Príncipe :, Third Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria and Modification and Deletion of Performance Criteria Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

This paper discusses key findings of the Third Review Under the Poverty Reduction and Growth Facility for São Tomé and Príncipe. Structural reforms are progressing. Five of six structural benchmarks through September 2006 were met. The authorities strengthened public financial management (PFM) and laid the basis for tax reform and actions against money laundering. The 2007 agenda includes implementing a pilot PFM system and strengthening the environment for private sector activity. The draft 2007 budget shows significant consolidation efforts, given less favorable prospects for oil bonuses and the need to increase pro-poor spending
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Broadly Satisfactory Performance and Strengthened Economic Activity; Figures Text; 1. Real GDP and Import Volumes of Investment Goods and Petroleum Products, 2001-06; 2. Inflation, January 2004-October 2006; 3. Base Money, M3, Credit, Inflation, 2004-06; 4. Effective Exchange Rates, January 2000-September 2006; III. Policy Framework through end-2007; A. Strengthening Fiscal Policy in the Context of Debt Relief and Oil Resources; B. Monetary and Exchange Rate Policies; Boxes Text; 1. Public Financial Management Reform
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (84 p.)
Specific Material Designation
Form Of Item

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