Democratic Republic of São Tomé and Príncipe: First Review Under the Three Year Arrangement Under the Extended Credit Facility Arrangement, and Request for Waivers of Performance Criteria: Staff Report; Staff Supplement; and Press Release on the Executive Board DiscussionInternational Monetary Fund No 2010/100, IMF Staff Country Reports from International Monetary Fund Abstract: This paper presents the Democratic Republic of São Tomé and Príncipe’s first review under the Three Year Arrangement under the Extended Credit Facility Arrangement. After averaging 6 percent a year over several years, real GDP growth in 2009 is estimated at 4 percent, reflecting a decline in foreign direct investment (FDI), which in part reflected the impact of the global crisis. Growth is expected to rebound in 2010, based on new FDI and increased official external financing. Keywords: ISCR; CR; First Review of São Tomé and Príncipe's ECF arrangement; SDR; São Tomé and Príncipe; São Tomé and Príncipe waiver; IMF staff estimate; debt indicator; sustainability analysis; resource constraint; ADF XI allocation; ADF-IX resource; public finance; financing operation; Debt sustainability analysis; Bank supervision; Debt relief; Global; Africa (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2010/100 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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