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Sao Tomé and Príncipe Recent Economic Developments and Selected Issues

This Selected Issues paper highlights that the financial performance of Sao Tomé and Príncipe, after improving in 1995, deteriorated again in 1996, while production continued to stagnate. In 1995, the authorities adopted policies aimed at stabilizing the economy, which led to a significant improveme...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Credit
Commercial Banks
Banks
Farm Produce
Public Finance & Taxation
Banks And Banking
Currency; Foreign Exchange
Monetary Economics
Financial Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Micro Finance Institutions
Mortgages
Agriculture: General
Money
National Government Expenditures And Related Policies: General
Expenditure
Investments: Commodities
Commodities
Foreign Exchange
Expenditures, Public
Banking
Agricultural Commodities
Investment & Securities
Public Finance
Money And Monetary Policy
São Tomé And Príncipe, Democratic Republic Of
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper highlights that the financial performance of Sao Tomé and Príncipe, after improving in 1995, deteriorated again in 1996, while production continued to stagnate. In 1995, the authorities adopted policies aimed at stabilizing the economy, which led to a significant improvement in the fiscal position. The strengthening of control over monetary expansion made possible a reduction of end-of-period inflation to 37 percent, from 75 percent in 1994. In 1996, however, fiscal slippages and the consequent monetary financing of the budget deficits resulted in a resurgence of inflation and currency depreciation
Physical Description:76 pages
ISBN:9781451834970

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