Democratic Republic of São Tomé and Príncipe: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussi
Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe
Volume/Issue:
Volume 2007
Issue 267
Publication date: August 2007
ISBN: 9781451925449
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Topics covered in this book
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Business and Economics , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , priority expenditure , Three-Year PRGF arrangement , executive board's discussion , BCSTP , IMF staff estimate , long-term debt sustainability , Oil , Debt relief , Bonuses , Global
Summary
This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for the Democratic Republic of São Tomé and Príncipe. All quantitative performance criteria and structural benchmarks for end-December 2006 were met. Progress continues on structural reform, albeit sometimes slower than originally envisaged. The authorities agreed to strengthen policy implementation to bring inflation further down. IMF staff recommends completion of the fourth review based on the country’s performance and policy commitments.
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