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Democratic Republic of São Tomé and Príncipe

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  • International Monetary Fund. African Dept.
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    Abstract

    This paper discusses the Democratic Republic of São Tomé and Príncipe’s First Review under the Extended Credit Facility Arrangement. The economy remains vulnerable to external and domestic shocks. Growth decelerated to 4 percent in 2012, reflecting persistent global uncertainties, particularly in Europe, which contributed to a slowdown in foreign direct investment, and in the execution of the foreign-financed public investment program. Commercial banks profitability and capital-to-risk weighted assets ratio declined in 2012, reflecting more challenging lending conditions. The central bank continues to strengthen its banking supervision function through on-site inspections and enforcement of banking regulation.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/208.

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    Length: 61
    Date of creation: 15 Jul 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/208

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    Related research

    Keywords: Extended Credit Facility; Fiscal policy; External borrowing; Banking sector; Liquidity management; Bank supervision; Economic indicators; Staff Reports; Press releases; central bank; external debt; debt service payments; external debt service; debt relief; public finances; net external debt; current account; payment arrears; balance of payments; external payment; external financing; current account balance; debt management; current account deficit; long-term external debt; debt obligations; external borrowing; long-term debt; debt management department; treasury bonds; repurchases; debt reduction; domestic currency; repayments; debt data; public debt; external debt data; bilateral agreements; bilateral creditors; external public debt; stock of debt; external payments arrears; debt management unit; external payments;

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