Sao Tome and Principe (STP), a small island nation of 215,000 people in the Gulf of Guinea off the coast of Central Africa, is in many ways a country of great untapped wealth. One of Africa's least known countries, its striking volcanic landscape is home to virgin rainforests with rich...

São Tomé and Príncipe (STP), a small island nation of 215,000 people in the Gulf ofGuinea off the coast of Central Africa, is in many ways a country of great untapped wealth. One of Africa's least known countries, its striking volcanic landscape is hometo virgin rainforests with rich...

This paper reviews the request from the São Tomé and Príncipe authorities for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). In 2004, the economy continued to grow at a moderate pace, but inflation increased to 15 percent by year-end, as bank credit to the...