The COVID-19 pandemic is having a severe impact on Sao Tome and Principe's economy, exacerbating fiscal and external imbalances. Tourism activities and external remittances dropped sharply, while lockdown measures further deepened the recession. The authorities' swift actions and unprecedented...

The pandemic is taking a heavy toll on the fragile island nation of Sao Tome and Principe. Tourist arrivals came to an abrupt halt in mid-March, externally financed projects are being delayed, and supply shipments are disrupted. In response to the local outbreak, emergency confinement measures...

This paper discusses Sao Tome and Principe's Second Review Under the Extended Credit Facility (ECF) and Request for Waivers for Nonobservance of Performance Criteria and modification of performance criteria. The economic outlook for 2017 and the medium term is favorable, but not without risks....

This paper discusses Democratic Republic of Sao Tome and Principe's Request for a 40-Month Arrangement Under the Extended Credit Facility (ECF). The ECF aims to support Sao Tome and Principe's economic and structural reforms. The program aims to reduce debt vulnerability, alleviate balance of...