Africa > São Tomé and Príncipe

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International Monetary Fund. African Dept.

Abstract

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.

International Monetary Fund. African Dept.

Abstract

Regional Economic Outlook: Sub-Saharan Africa Prepared by the Policy Wing of the IMF African Department, this first, annual issue of Regional Economic Outlook: Sub-Saharan Africa analyzes economic, trade, and institutional issues in 2004, and prospects in 2005, for the 42 countries covered by the Department (for data reasons, Eritrea and Liberia are excluded). Topics examined include responses to exogenous shocks, growth performance and growth-enhancing policies, and the effectiveness of regional trade arrangements. Detailed aggregate and country data (as of February 24, 2005) are provided in an appendix and a statistical appendix, and a list of relevant publications by the African Department is included.

International Monetary Fund
The statistical data on gross domestic product and expenditure, land distribution, production of principal agricultural crops, energy production and consumption, imports of petroleum products, cost structure of petroleum products, consumer price index, and financial transactions of the central government of the Democratic Republic of Sao Tome have been presented. The summary accounts of banking institutions, structure of interest rates, composition of exports, import, and terms-of-trade indices, indicators of external public debt, exchange rates, and related economic indices have also been presented.
International Monetary Fund
São Tomé and Príncipe is a small, island country with some 138,000 inhabitants; its resources are limited, and its GDP per capita is estimated at about US$295 (1998). The economy is heavily dependent on cocoa, which accounts for 96 percent of export goods. The country has liberalized the economy and reduced the role of government in productive activities in the 1990s. The government has successfully implemented a staff-monitored program in 1998–99 that has turned around the primary budget balance from a deficit to a surplus, reduced inflation, and has helped improve real GDP growth.