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Democratic Republic of São Tomé and Príncipe: First Review Under the Three Year Arrangement Under the Extended Credit Facility Arrangement, and Request for Waivers of Performance Criteria: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 100
Language:
English
Publication Date:
27 Apr 2010
DOI:
https://doi.org/10.5089/9781455203666.002
ISBN:
9781455203666
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; First Review of São Tomé and Príncipe's ECF arrangement; SDR; São Tomé and Príncipe; São Tomé and Príncipe waiver; IMF staff estimate; debt indicator; sustainability analysis; resource constraint; ADF XI allocation; ADF-IX resource; public finance; financing operation; Debt sustainability analysis; Bank supervision; Debt relief; Global; Africa
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This paper presents the Democratic Republic of São Tomé and Príncipe’s first review under the Three Year Arrangement under the Extended Credit Facility Arrangement. After averaging 6 percent a year over several years, real GDP growth in 2009 is estimated at 4 percent, reflecting a decline in foreign direct investment (FDI), which in part reflected the impact of the global crisis. Growth is expected to rebound in 2010, based on new FDI and increased official external financing.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund