This web page provides information on the activities of the IMF office in São Tomé and Príncipe, views of the IMF staff, and the relations between São Tomé and Príncipe and the IMF. Additional information can be found on the São Tomé and Príncipe and IMF country page, including official IMF reports and Executive Board documents in English and Portuguese that cover São Tomé and Príncipe.

São Tomé and Príncipe and the IMF

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At A Glance

• Current IMF membership: 191 countries

• São Tomé and Príncipe joined the IMF on September 30, 1977

• Total Quotas: SDR 14.8 million

• Outstanding Purchases and Loans: 25.21 million (March 31, 2023)

• Article IV/Country Report : April 4, 2022

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Office Activities

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São Tomé and Príncipe and the IMF

  • IMF Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe

    October 21, 2024

    An International Monetary Fund (IMF) team led by Mr. Slavi Slavov, Mission Chief for São Tomé and Príncipe, visited São Tomé during May 23 – June 5, 2024, and held virtual discussions in the recent months, to discuss with the São Toméan authorities IMF support for their policies and reform plans.

  • IMF Staff Completes Visit to São Tomé and Príncipe

    June 6, 2024

    An International Monetary Fund (IMF) team led by Mr. Slavi Slavov, Mission Chief for São Tomé and Príncipe, visited São Tomé during May 23 – June 5, 2024, to discuss with the São Toméan authorities IMF support for their policies and reform plans.

  • Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

    May 1, 2023

    Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.

  • IMF Staff Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe

    March 31, 2023

    “The São Toméan authorities and the IMF team have reached staff-level agreement to support the authorities’ economic adjustment and reform policies with a new 40-month program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of SDR 14.8 million or about US$20 million. The agreement is subject to approval by IMF Management and Executive Board in the period ahead, contingent on the implementation of prior actions by the authorities.

  • IMF Staff Concludes Visit to São Tomé and Príncipe

    March 2, 2023

    “São Tomé and Principe’s economic conditions are challenging. Long-standing socio-economic vulnerabilities were further compounded by the COVID-19 pandemic, persistent energy shortages, the floods at end-2021 and early-2022, and a sharp increase in global food and fuel prices. As a result, 2022 growth slowed to an estimated 0.9 percent, down from an average of about 4 percent in the previous few years. Inflation reached 25.6 percent year-on-year in January 2023. International reserves fell substantially.

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Regional Economic Outlook

October 25, 2024

Regional Economic Outlook: Sub-Saharan Africa: Reforms amid Great Expectations, October 2024

Reforms amid Great Expectations

Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.

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Fraudulent Scam Emails

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF