Democratic Republic of São Tomé and Príncipe

Request for a Three-Year Arrangement Under the Extended Credit Facility

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.
Publication date: August 2012
ISBN: 9781475505702
$18.00
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Money and Monetary Policy , International - Economics , Public Policy , central bank , external debt , public finances , debt relief , debt management

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