Democratic Republic of São Tomé and Príncipe : Debt Relief at the Completion Point Under the Heavily Indebted Poor Countries Initiative and Under the Multilateral Debt Relief Initiative

1STPEA2007002 Image
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Release Date: © May, 2007
ISBN : 978-1-45183-513-7
Stock #: 1STPEA2007002
English
Stock Status: On back-order

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Description

This paper examines the consideration of the Democratic Republic of São Tomé and Príncipe’s debt relief at the completion point under the enhanced Initiative for Heavily Indebted Poor Countries and Debt Relief under the Multilateral Debt Relief Initiative. Lower-than-projected export receipts largely owing to drought conditions and lower-than-expected tourism receipts, changes in cross-currency exchange rates, and variations in discount rates have been all unambiguously exogenous and outside the control of the authorities. There is need for continued fiscal prudence, policies to support broad-based growth and export diversification, continued donor support, and prudent debt management.

Taxonomy

Balance of payments , Corruption , Current account , Economic development , Economic policy , Education , Social policy




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