Franklin

Democratic Republic of Sao Tome and Principe [electronic resource].

Author/Creator:
International Monetary Fund. African Department.
Publication:
Washington, D.C. : International Monetary Fund, 2017.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report; No. 17/382
IMF Staff Country Reports
Format/Description:
Government document
Book
1 online resource (96 p.)
Local subjects:
Sao Tome And Principe
Sub-Saharan Africa
Summary:
The economy is expected to grow at a steady pace of 4 percent in 2017, albeit slower than projected at the second review. Over the medium term, growth is projected to accelerate to 5.5 percent, spurred by tourism, agriculture, and externally-funded investment. Meanwhile, excessive rainfall damaged some crops and raised the price of locally-produced food. Consequently, inflation is expected to increase to 6 percent at end-2017, from 5.1 percent at end-2016. Program implementation is broadly back on track. After missing the end-2016 fiscal targets by large margins, the government adopted corrective measures and met all five end-June 2017 performance criteria (PCs). The implementation of structural reforms under the program is progressing, albeit at a much slower pace than anticipated due mainly to capacity constraints and delays in the delivery of technical assistance (TA).
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
International Monetary Fund. African Department.
Other format:
Print Version: Democratic Republic of Sao Tome and Principe
ISBN:
1484333268
9781484333266
Publisher Number:
10.5089/9781484333266.002 doi
Access Restriction:
Restricted for use by site license.
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