Cover IMF Staff Country Reports
São Tomé and Príncipe: Staff Report for the 2003 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 108
Language:
English
Publication Date:
19 Apr 2004
DOI:
https://doi.org/10.5089/9781451835045.002
ISBN:
9781451835045
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; authority; government; oil entity; monetary policy stance; authorities' interest; authorities' effort; authorities' intention; state enterprise; authorities' choice; Oil; Oil sector; gas and mining taxes; Debt service; Exports; Africa; Sub-Saharan Africa; Europe
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Sao Tome and Principe stands at the threshold of the oil era. The government’s objective of stabilizing the non-oil primary fiscal deficit over the medium term is appropriate. Executive Directors support the government’s approach to monetary policy, which is consistent with the flexible exchange regime and focuses on limiting inflation and enhancing credit access for entrepreneurs. Sao Tome and Principe's flexible exchange rate regime remains appropriate. Sao Tome and Principe's statistical framework suffers from serious weaknesses, and institutional capacity needs to be enhanced.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2004: Issue 108