Republic of São Tomé and Príncipe : Second Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Extension and Augmentation of the Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of São Tomé and Príncipe.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2025/347

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (105 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2025.

Summary:

This paper presents Democratic Republic of São Tomé and Príncipe’s Second Review under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Extension and Augmentation of the Arrangement, and Financing Assurances Review. São Tomé and Príncipe’s structural challenges—remoteness, small size, climate risk exposure, weak institutions, narrow exports, and labor losses from emigration—hinder job-rich, inclusive, and blue growth. The authorities are committed to vigorously implementing their domestic revenue mobilization strategy to underpin fiscal consolidation. Risks to program implementation —including prolonged power outages, policy slippages in the run-up to next year’s elections, commodity price volatility, and climate-related events—are manageable, backed by the government’s strong commitment to engagement with the IMF. On the structural side, out of a total of fifteen structural benchmarks assessed, five were met, three were converted into prior actions, and one was implemented with a delay.

Notes:

Description based on print version record.

ISBN:

9798229034005