This Joint Staff Advisory Note discusses the Poverty Reduction Strategy Paper (PRSP) for the Democratic Republic of São Tomé and Príncipe. The PRSP-II is the successor to the government’s previous development strategy, the PRSP-I, and furthers the country’s commitment to promoting sustainable poverty reduction through broad-based growth. Overall, the PRSP-II presents a coherent analysis and offers an appropriate policy framework for long-term poverty reduction and sustainable economic growth. The PRSP-II builds on the experience in a number of areas, promoting economic diversification and laying out a set of ambitious but attainable development goals. IMF Staff recommends further work on several critical areas in which the PRSP-II could be strengthened.
This paper discusses Second National Poverty Reduction Strategy II (NPRS-II) (2012–2016) for Democratic Republic of São Tomé and Príncipe. A comparison of the results of the 2000 and 2010 poverty profile, based on the average income method, shows that there was progress in reducing poverty, albeit far less than expected. The ratio of the incidence of poverty decreased from 53.8 percent in 2000 to 49.6 percent in 2010, representing a reduction of 4.2 percentage points, which is far below the target set in the NPRS-I for 2010, and also shows relative improvement in the depth of poverty.
This paper focuses on the Poverty Reduction Strategy Paper (PRSP) for the Democratic Republic of São Tomé and Príncipe. The National Poverty Reduction Strategy Paper represents the result of analyses of the country’s current situation as well as a set of proposals designed to rout the causes of poverty in São Tomé and Príncipe in the medium to long term, based on creating the conditions that make development viable and promote the welfare of the population. This paper is prepared in response to a perception of the problems facing the country in different areas.
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for the Democratic Republic of São Tomé and Príncipe. The PRSP sets an ambitious policy agenda—with an overall cost of about US$210 million for the first seven years of implementation. It provides a reliable framework for reducing poverty in São Tomé and Príncipe. It identifies women, the elderly, and the young in need of special support, and envisages improving the access of women and the young to literacy programs and occupational training.