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.Request for a Three-Year Arrangement Under the Extended Credit Facility International Monetary Fund ... The central bank intends to implement a new chart of accounts for the central bank in 2013. ... balance of payments statistics, begin to adopt the methodology recommended in the Balance of Payments Manual 6, and investigate the possibility ... financial management, customs and tax administration, monetary management, banking supervision, debt management, and AML/CFT.

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


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