IMF Staff Country Reports

Democratic Republic of São Tomé and Princípe : 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

August 2, 2018

Electronic Access:

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Summary:

Progress has been made in fiscal consolidation and structural reform in the past year. Nevertheless, the country still faces a high debt level, has a low ratio of tax revenue to GDP, and relies heavily on external support. While the economy grew steadily at about 4 percent in the past three years, accelerating growth through consolidating macroeconomic stability and continued structural reforms will be essential for poverty reduction in a country with a young population.

Series:

Country Report No. 18/251

Subject:

Article IV consultation reports Debt burden Economic growth Economic indicators Extended arrangement reviews Financial stability Fiscal consolidation Fiscal reforms International reserves Letters of Intent Performance criteria waivers Press releases Staff reports