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The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of São Tomé and Príncipe
Authors: --- --- --- ---
ISBN: 1462308376 1452705690 128284072X 1451869789 9786612840722 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights several structural characteristics of São Tomé and Príncipe including its very small size, high degree of openness, extensive use of foreign currencies, and inflexible product and factor markets in the consideration of an appropriate monetary and exchange regime. Firmly anchored currency arrangements, defined in this paper to include memberships in monetary unions or hard pegs, are found to be preferable to the status quo of a managed float. The paper applies statistical methods and takes into account other factors to identify the appropriate anchor currency. It stresses that fiscal discipline and prudent debt management are the main prerequisites for a firmly anchored currency arrangement.


Book
Mozambique. Sao Tomé and Príncipe
Authors: --- ---
ISBN: 0861874331 0861874323 9780861874330 Year: 1989 Publisher: London Pinter

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Keywords

Economic conditions. Economic development --- Sao Tome and Principe --- Mozambique --- São Tomé et Príncipe --- Politics and government --- Economic conditions --- Social conditions --- Politique et gouvernement --- Conditions économiques --- Conditions sociales --- 328 <679> --- #SBIB:328H419 --- Parlement. Volksvertegenwoordiging. Regering en parlement--Mozambique --- Instellingen en beleid: andere Afrikaanse landen --- 328 <679> Parlement. Volksvertegenwoordiging. Regering en parlement--Mozambique --- São Tomé et Príncipe --- Conditions économiques --- São Thomé e Príncipe --- São Tomé e Príncipe --- S. Tomé e Príncipe --- República Democrática de São Tomé e Príncipe --- Saint-Thomas-et-Prince --- Província de São Tomé e Príncipe (Portugal) --- Province de Saint-Thomas-et-Prince (Portugal) --- San Tome i Prinsipi --- République démocratique de Sao Tomé-et-Principe --- Sao Tomé-et-Principe --- Democratic Republic of Sao Tome and Principe --- São Tomé ja Príncipe --- São Tomé-Príncipe --- São Tomé och Príncipe --- Economic conditions. --- Politics and government. --- Social conditions. --- Сан-Томе и Принсипи --- Santo Tomé y Principe --- Mozambique - Politics and government - 1975-1994 --- Mozambique - Economic conditions - 1975 --- -Mozambique - Social conditions - 1975 --- -Sao Tome and Principe - Politics and government --- Sao Tome and Principe - Economic conditions --- Sao Tome and Principe - Social conditions


Book
Tchiloli : Charlemagne à São Tomé sur l'ile du milieu du monde /.
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ISBN: 2350740463 9782350740461 Year: 2006 Publisher: Paris Magellan

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Histoire d'un étonnant théâtre africain à Sao Tomé, " l'île du milieu du monde ", sur l'Equateur ! Charlemagne, Ganelon, le marquis de Mantoue, l'Impératrice et ses dames de Cour dansent des pavanes et des menuets raffinés en pleine jungle. Dans ce livre, Françoise Gründ, éthnoscénologue, répond à de nombreuses questions : que signifie le nom tchiloli ? pourquoi les anciens esclaves, qui se font appeler " fils de la terre ", se sont-ils approprié une culture étrangère ? la dramaturgie sophistiquée ne dissimulerait-elle pas un code secret ? - n'a-t-elle pas servi de prétexte pour résister à l'enfer de l'oppression ? Un superbe fragment d'archéologie théâtrale, toujours vivant. La Maison des Cultures du Monde permet la connaissance de formes spectaculaires rares ; ainsi le tchiloli, invité a plusieurs reprises par le Festival de l'Imaginaire, suscite désormais une curiosité justifiée auprès d'un large public.


Book
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 Discussion.
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ISBN: 1462361404 1452729212 1282847058 9786612847059 1455203661 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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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

Loans, Foreign --- International Monetary Fund. --- Sao Tome and Principe --- Economic conditions. --- Foreign loans --- International loans --- Loans, International --- Loans --- Conditionality (International relations) --- Foreign loan insurance --- Internationaal monetair fonds --- International monetary fund --- Democratic Republic of Sao Tome and Principe --- Province de Saint-Thomas-et-Prince (Portugal) --- Província de São Tomé e Príncipe (Portugal) --- República Democrática de São Tomé e Príncipe --- République démocratique de Sao Tomé-et-Principe --- S. Tomé e Príncipe --- Saint-Thomas-et-Prince --- San Tome i Prinsipi --- São Thomé e Príncipe --- São Tomé e Príncipe --- Sao Tomé-et-Principe --- São Tomé ja Príncipe --- São Tomé och Príncipe --- São Tomé-Príncipe --- Сан-Томе и Принсипи --- Santo Tomé y Principe --- Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: Government Policy and Regulation --- International economics --- Banking --- Econometrics & economic statistics --- Public finance & taxation --- Financial services law & regulation --- National accounts --- Public debt --- International reserves --- Debt sustainability analysis --- Debt relief --- External debt --- Bank supervision --- Financial regulation and supervision --- Asset and liability management --- Debts, External --- National income --- Banks and banking --- Debts, Public --- Foreign exchange reserves --- State supervision --- São Tomé and Príncipe, Democratic Republic of


Book
Democratic Republic of São Tomé and Príncipe : First Review Under the Extended Credit Facility Arrangement.
Author:
ISBN: 1484383516 1484324870 1475590016 Year: 2013 Publisher: Washington, D.C. : International Monetary Fund,

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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.

Keywords

Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Sao Tome and Principe --- Democratic Republic of Sao Tome and Principe --- Province de Saint-Thomas-et-Prince (Portugal) --- Província de São Tomé e Príncipe (Portugal) --- República Democrática de São Tomé e Príncipe --- République démocratique de Sao Tomé-et-Principe --- S. Tomé e Príncipe --- Saint-Thomas-et-Prince --- San Tome i Prinsipi --- São Thomé e Príncipe --- São Tomé e Príncipe --- Sao Tomé-et-Principe --- São Tomé ja Príncipe --- São Tomé och Príncipe --- São Tomé-Príncipe --- Сан-Томе и Принсипи --- Santo Tomé y Principe --- Economic conditions. --- Banks and Banking --- Exports and Imports --- Finance: General --- Macroeconomics --- Public Finance --- Statistics --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- General Aggregative Models: General --- Monetary Policy --- Trade: General --- Financial Institutions and Services: Government Policy and Regulation --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banking --- International economics --- Finance --- Financial services law & regulation --- Econometrics & economic statistics --- Public finance & taxation --- Bank deposits --- Commercial banks --- National accounts --- International reserves --- Imports --- Financial institutions --- Central banks --- Financial services --- International trade --- Banks and banking --- National income --- Foreign exchange reserves --- State supervision --- Finance, Public --- São Tomé and Príncipe, Democratic Republic of


Book
República Democrática de São Tomé e Príncipe : Solicitação de Acordo Trienal ao Abrigo da Facilidade de Crédito Alargado.
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ISBN: 1475576641 1475591721 Year: 2012 Publisher: Washington, D.C. : International Monetary Fund,

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.


Book
Democratic Republic of São Tomé and Princípe : 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review.
Author:
ISBN: 1484372255 1484372239 Year: 2018 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses São Tomé and Príncipe’s 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility, Request for Waivers for Nonobservance of Performance Criteria, and Financing Assurances Review. São Tomé and Príncipe’s GDP growth in 2017 is estimated at about 4 percent, similar to the previous two years. Inflation spiked to 7.7 percent at end 2017, caused by unfavorable weather conditions and an increase in import taxes on selective goods. Fiscal consolidation continued albeit at a slower pace than expected. The macroeconomic outlook is positive. Growth is expected to remain at 4 percent in 2018 and to accelerate to 5 percent in the medium term as new externally-financed projects get under way.

Keywords

Sao Tome and Principe --- Democratic Republic of Sao Tome and Principe --- Province de Saint-Thomas-et-Prince (Portugal) --- Província de São Tomé e Príncipe (Portugal) --- República Democrática de São Tomé e Príncipe --- République démocratique de Sao Tomé-et-Principe --- S. Tomé e Príncipe --- Saint-Thomas-et-Prince --- San Tome i Prinsipi --- São Thomé e Príncipe --- São Tomé e Príncipe --- Sao Tomé-et-Principe --- São Tomé ja Príncipe --- São Tomé och Príncipe --- São Tomé-Príncipe --- Сан-Томе и Принсипи --- Santo Tomé y Principe --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Financial Risk Management --- Macroeconomics --- Public Finance --- Statistics --- International Lending and Debt Problems --- Taxation, Subsidies, and Revenue: General --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy --- General Aggregative Models: General --- Trade: General --- International economics --- Public finance & taxation --- Banking --- Financial services law & regulation --- Revenue administration --- External debt --- International reserves --- Imports --- Arrears --- National accounts --- International trade --- Debts, External --- Revenue --- Debts, Public --- Banks and banking --- Foreign exchange reserves --- National income --- São Tomé and Príncipe, Democratic Republic of

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