Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Combined 2016 Article IV Consultation and First ECF Review Mission for São Tomé and Príncipe

A team from the International Monetary Fund (IMF) led by Maxwell Opoku-Afari, Mission Chief for São Tomé and Príncipe, visited São Tomé from March 9–24, 2016 to conduct the 2016 Article IV Consultation and the first review of São Tomé and Príncipe’s economic program supported by the IMF’s three-year Extended…

Source: International Monetary Fund (IMF) |

Southern Africa Officials Share Experience of Natural Resource Wealth Management

The IMF’s Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on “Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource Wealth” on September 21–25, 2015 in Mauritius. The event brought together government officials from Angola, Botswana, Comoros,…

Source: International Monetary Fund (IMF) |

IMF Concludes Staff Visit to the Democratic Republic of São Tomé and Príncipe

An International Monetary Fund (IMF) team, led by Mr. Maxwell Opoku-Afari, IMF Mission Chief for São Tomé and Principe, visited São Tomé and Príncipe from September 23-29, 2015, to discuss recent economic developments and support the preparation of the 2016 budget. The IMF Executive Board approved approved a new three-year,…