IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2025-001.html
   My bibliography  Save this paper

Democratic Republic of São Tomé and Príncipe: Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of São Tomé and Príncipe

Author

Listed:
  • International Monetary Fund

Abstract

This paper presents São Tomé and Príncipe’s Request for an Arrangement under the Extended Credit Facility (ECF). São Tomé and Príncipe is facing major macroeconomic challenges, including high fuel import needs, limited export potential, and low international reserves. The authorities' reform program aims to restore macroeconomic stability, while protecting the vulnerable and establishing a foundation for more rapid and inclusive growth. It encompasses urgent reforms in the electricity sector and medium-term structural adjustments to foster green energy and unleash the country’s growth potential. The authorities remain committed to maintaining debt sustainability, including through prudent borrowing practices and a focus on securing grant financing and concessional loans. The envisaged comprehensive reform of the energy sector and gradual shift towards renewable energy sources will help to reduce fuel imports, boost international reserves, and contain fiscal risks. The ECF arrangement is expected to catalyze additional external financing from development partners.

Suggested Citation

  • International Monetary Fund, 2025. "Democratic Republic of São Tomé and Príncipe: Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic," IMF Staff Country Reports 2025/001, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/001
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=560549
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2025/001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.