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2016 (4)

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Book
Separation of powers in African constitutionalism
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ISBN: 0198759797 0191077925 0191820792 0191077917 9780198759799 Year: 2016 Publisher: Oxford Oxford University Press

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Abstract

The new series Stellenbosch Handbooks in African Constitutional Law will engage with contemporary issues of constitutionalism in Africa, filling a notable gap in African comparative constitutional law. Separation of Powers in African Constitutionalism is the first in the series, examining one of the critical measures introduced by African constitutional designers in their attempts to entrench an ethos of constitutionalism on the continent. Taking a critical look at the different ways in which attempts have been made to separate the different branches of government, the Handbook examines the impact this is having on transparent and accountable governance. Beginning with an overview of constitutionalism in Africa and the different influences on modern African constitutional developments, it looks at the relationship between the legislature and the executive as well as the relationship between the judiciary and the political branches. Despite differences in approaches between the different constitutional cultures that have influenced developments in Africa, there remain common problems. One of these problems is the constant friction in the relationship between the three branches and the resurgent threats of authoritarianism which clearly suggest that there remain serious problems in both constitutional design and implementation. The book also studies the increasing role being played by independent constitutional institutions and how they complement the checks and balances associated with the traditional three branches of government.


Book
Democratic Republic of São Tomé and Príncipe : 2016 Article IV Consultation, First Review under the Extended Credit Facility, and Request for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Exective Director for the Democratic Republic of São Tomé and Príncipe.
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ISBN: 1475521960 1498307841 Year: 2016 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses recent economic developments and economic outlook and risks of São Tomé and Príncipe. Although São Tomé and Príncipe’s economic development is constrained by its insularity, fragility, limited resources, and low capacity as a small island state, this African country has made commendable progress toward greater macroeconomic stability. GDP growth has averaged more than 4 percent per year since 2012, faster than many small islands states, but not sufficiently strong and diversified to meaningfully improve economic prospects and reduce poverty significantly. The forthcoming presidential election, with the risk of extra budgetary spending and continued weakness in the banking sector, are the main sources of short-term risks to the economic outlook.


Book
Democratic Republic of São Tomé and Príncipe : Selected Issues.
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ISBN: 1498308589 1475521286 Year: 2016 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses the following selected issues related to the São Tomé and Príncipe’s economy: tourism competitiveness in São Tomé and Príncipe—challenges and strategy, macro-financial linkages, private sector development, and challenges of small financial systems. São Tomé and Príncipe has experienced significantly faster growth in tourism than most tourism-dependent small states (TDSS). An application of a tourism gravity model shows that São Tomé and Príncipe is competitive in compared to TDSS. However, tourism development in this country faces broad challenges both on the micro and micro level. São Tomé and Príncipe can do well with venture capital-type financing for micro, small-, and medium-sized enterprises.


Book
Democratic Republic of São Tomé and Príncipe : Second Review under the Extended Credit Facility, and Request for Waivers for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe.
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ISBN: 1475561806 1475561733 Year: 2016 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses São Tomé and Príncipe’s Second Review Under the Extended Credit Facility (ECF) and Request for Waivers for Nonobservance of Performance Criteria and modification of performance criteria. The economic outlook for 2017 and the medium term is favorable, but not without risks. The main sources of short-term risks to the outlook are ongoing pressure on foreign exchange supply, liquidation of Bank Equador, and continued weakness in the banking sector. In addition, the economy will remain vulnerable to global developments, including weak demand in the key European and emerging markets. The IMF staff recommends completion of the second review and the disbursement of an amount equivalent to SDR 634,285 under the ECF arrangement.

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