An International Monetary Fund (IMF) team visited São Tomé and Príncipe during November 28 – December 9, 2022, to review recent economic developments and discuss with the authorities challenges facing the country. The authorities expressed strong interest in a new arrangement with the IMF to help them anchor the new government’s priorities of restoring macroeconomic stability and improving the living conditions of the population. IMF staff stands ready to support the authorities in this endeavor. Discussions will continue in the coming months.

The IMF mission held meetings with representatives of the government, the central bank, and the Parliament. The mission team thanks the authorities of São Tomé and Príncipe for the engaging and productive discussions.