Democratic Republic of São Tomé and Príncipe: 2013 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement; Staff Report; Informational Annex; Debt Sustainability Analysis; Press Release on the Executive Board Discussi

2013 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement; Staff Report; Informational Annex; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Executive Director for São Tomé and Príncipe

Author: International Monetary Fund. African Dept.

Democratic Republic of São Tomé and Príncipe: 2013 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement

Volume/Issue: Volume 2014 Issue 002

Publication date: January 2014

ISBN: 9781475516548

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , IMF's Executive Board , São Tomé and Príncipe , debt , Executive Board's discussion , São Toméan authorities , ECF arrangement , monetary policy management , Commercial banks , International reserves , Oil , Global , Europe , Africa , IMF arrangement

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Summary

This Information Annex highlights that the World Bank and the IMF are providing complementary support to help São Tomé and Príncipe strengthen public financial management and make progress toward debt sustainability. The World Bank’s work program is guided by an Interim Strategy Note approved in 2011 that focuses on accelerating sustainable and broad-based economic growth and on strengthening governance, public institutions, and human capital. A new Country Assistance Strategy for 2013–16 will be completed in 2014, following the recent completion of a Joint Staff Assessment Note on the country’s second National Poverty Reduction Strategy. Regarding debt sustainability, the World Bank and the IMF teams prepared a Joint IMF–World Bank Debt Sustainability Analysis update in 2012.