Democratic Republic of São Tomé and Príncipe

Democratic Republic of São Tomé and Príncipe

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The Democratic Republic of SApo TomAc and PrAsncipe shows prudence in maintaining its fiscal stance assisted by the IMF extended credit facility (ECF). The authorities aim to concentrate on maintaining macroeconomic stability even though debt distress owing to a narrow export base and other issues loom as threats. Focus is on strengthening of existing monetary and public finances policies, banking supervision, and anti-money laundering, which will help in reducing poverty. Revenue from oil production is also expected to help achieve the target by 2015.In addition, the government will continue to improve the public finance legislation and upgrade the legal framework for fiscal ... and an accompanying reference manual to guide domestic liquidity management, with technical assistance from the IMF. ... inspections of two commercial banks in 2011, and five more banks are to be inspected during the period 2012-13. ... envisages the introduction in 2013 of the new chart of accounts in line with international financial reporting standards, anbsp;...


Title:Democratic Republic of São Tomé and Príncipe
Author: International Monetary Fund
Publisher:International Monetary Fund - 2012-08-02
ISBN-13:

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