International Monetary Fund (IMF) Staff Completes Visit to São Tomé and Príncipe

The IMF mission held meetings with representatives of the government, the central bank, and the Parliament

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…

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Executive Board Approves a US$12 Million Disbursement to São Tomé and Príncipe to Address the COVID-19 Pandemic

The country will also benefit from IMF debt service relief under the Catastrophe Containment and Relief Trust

The COVID-19 pandemic is taking a heavy toll on São Tomé and Príncipe’s economy; To address the urgent balance-of-payments needs, the IMF approved about US$12 million emergency assistance for São Tomé and Príncipe under the Rapid Credit Facility. The country will also benefit from IMF debt service relief under the…

The Republic of Sao Tomé and Principe Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The Enhanced General Data Dissemination System (e-GDDS) was established by the IMF’s Executive Board in May 2015

The Republic of Sao Tomé and Principe has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government…

IMF Staff Concludes Program Negotiation Mission to São Tomé and Príncipe

Significant progress was made in the discussions on the economic policies and reforms that could be supported by a new IMF arrangement

São Tomé and Príncipe’s economy is experiencing strong imbalances and slower growth; Reversing large deficit spending of 2018 and implementing comprehensive structural reforms in energy and tourism sectors are needed to unleash the growth potential; Significant progress was made in the discussions on the economic policies and reforms that could…

International Monetary Fund Staff Completes Staff Visit Mission for São Tomé and Príncipe

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during January 23-31, 2019

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this…

International Monetary Fund (IMF) Staff Completes Staff Visit Mission for São Tomé and Príncipe

The mission team discussed with the new government its priorities and vision for economic development

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during January 23-31, 2019. At the end of the visit, Ms. Li issued the following statement: “The mission team discussed with the new government its priorities and vision for economic development, as…

International Monetary Fund Staff Completes Combined 2018 Article IV Consultation and Fifth Extended Credit Facility Review Mission for São Tomé and Príncipe

Economic growth is expected to stay at around 4 percent in 2018 and accelerate gradually in the medium term

Real GDP growth is expected to stay at around 4 percent in 2018, and accelerate gradually in the medium term, supported by structural reforms and infrastructural projects. The government reduced the fiscal deficit in 2017 by aligning spending with lower than expected revenues. Efforts are underway to strengthen revenues through…

IMF Staff Completes Visit to São Tomé and Príncipe

Economic prospects are favorable, with growth expected to be around 5 percent in 2017, boosted by anticipated robust activity in the construction sector and tourism industry, and supported by higher inflows of foreign direct investment

Economic prospects are favorable, with growth expected to be around 5 percent in 2017 Inflation rose to 5.1 percent at end-2016, up from 4 percent in 2015 Domestic primary deficit in 2016 was higher than expected A staff team from the International Monetary Fund (IMF) led by Xiangming Li, visited…

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Meetings with the Heads of States of Central Africa

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Yaoundé after her participation to a Heads of States of Central summit: “Discussions during today’s summit in Yaoundé today have been very fruitful. We discussed the economic impact on the six Central African…