Press Releases

Angolan foreign minister sends message to São Tome counterpart

Luanda, ANGOLA, May 13 - A letter from Angolan Foreign Affairs minister Manuel Augusto was delivered Monday to his São Tome counterpart, Elsa de Barros Pinto, according to a press release from Foreign Affairs Ministry. , Delivered the letter was...

IMF Staff Concludes Program Negotiation Mission to São Tomé and Príncipe

Download logo São Tomé and Príncipe’s economy is experiencing strong imbalances and slower growth; Reversing large deficit spending of 2018 and implementing comprehensive structural reforms in energy and tourism sectors are needed to unleash the...

Angola and Sao Tome discuss cooperation

ANGOLA, February 25 - Luanda, Feb 25 (ANGOP) - The President of the Republic, João Lourenço, met Monday with the Prime Minister of the Republic of Sao Tome and Príncipe, Jorge Bom Jesus, with whom he addressed the strengthening of cooperation...

IMF Staff Concludes Program Negotiation Mission to São Tomé and Príncipe

April 4, 2019 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the...

IMF Executive Board Concludes 2018 Article IV Consultation with the Democratic Republic of São Tomé and Príncipe

July 27, 2018 On July 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Democratic Republic of São Tomé and Príncipe. GDP growth in 2017 is estimated at about 4 percent,...

IMF Executive Board Completes the Fifth Review under the Extended Credit Facility Arrangement, Approves US$0.9 Million Disbursement, and Concludes the 2018 Article IV Consultation with the Democratic Republic of São Tomé and Príncipe

July 23, 2018 São Tomé and Príncipe’s medium-term economic outlook is favorable. Structural reforms and prudent fiscal policy are key to maintaining macroeconomic stability and boosting growth to reduce poverty. Implementing measures to contain...

We have high hopes and expectations for your country, Adesina tells President of São Tomé and Príncipe

African Development Bank (www.AfDB.org) President, Akinwumi Adesina, met with São Tomé and Príncipe (https://goo.gl/oL4eNM) President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new...

African Development Bank President in São Tomé and Príncipe to strengthen alliances

The first President of the African Development Bank (www.AfDB.org) group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower...

IFTM online training programme in collaboration with UNWTO Solutions for Sustainable Tourism Development and Destination Branding in Times of Crisis and Beyond

MACAU, December 23 - The Global Centre of Tourism Education and Training of the Macao Institute for Tourism Studies, in collaboration with United Nations World Tourism Organisation, held its second training programme this year on 6, 7 and 9 Dec...

S o Tom and Pr ncipe: African Development Fund extends a USD 10.7 Million Grant to Support SMEs in Agriculture and Tourism

Download logo The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of the Zuntámon Initiative, within the framework...

São Tomé and Príncipe: IMF Executive Board Concludes 2016 Article IV Consultation

Press Release No. 16/289 June 17, 2016 On June 10, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation1 with the Democratic Republic of São Tomé and Príncipe. São Tomé and Príncipe’s...

São Tomé and Príncipe: IMF Executive Board Completes the First Review under the ECF Arrangement and Approves US$0.9 Million Disbursement

Press Release No. 16/275 June 10, 2016 The Executive Board of the International Monetary Fund (IMF) today completed the first review of São Tomé and Príncipe’s performance under the economic program supported by an Extended Credit Facility (ECF)...

IMF Staff Completes Combined 2018 Article IV Consultation and Fifth ECF Review Mission for São Tomé and Príncipe

April 12, 2018 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the...

International Monetary Fund Staff Completes Combined 2018 Article IV Consultation and Fifth Extended Credit Facility Review Mission for São Tomé and Príncipe

Real GDP growth is expected to stay at around 4 percent in 2018, and accelerate gradually in the medium term, supported by structural reforms and infrastructural projects. The government reduced the fiscal deficit in 2017 by aligning spending with...

IPIM Organised a Delegation to Participate in the “Entrepreneurs Meeting for Commercial and Economic Co-operation between China and Portuguese-speaking Countries” With 120 Business Matching Sessions Arranged and 6 Contracts Signed

MACAU, July 31 - The “Entrepreneurs Meeting for Commercial and Economic Co-operation between China and Portuguese-speaking Countries - Malabo - 2025” was held in Equatorial Guinea on 29 July local time, with the theme of “Industrialisation...

IMF Staff Completes Review Visit to São Tomé and Príncipe

October 5, 2017 A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe from September 20-October 5, 2017, to discuss progress with the country’s economic program supported by the IMF’s three-year...

Democratic Republic of Sao Tome and Principe : Third and Fourth Reviews under the Extended Credit Facility Arrangement, Extension of the Arrangement, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive…

Author/Editor: International Monetary Fund. African Dept. Publication Date: December 18, 2017 Electronic Access: Free Full Text (PDF file size is 3292 KB).Use the free Adobe Acrobat Reader to view this PDF file Summary: The economy is expected to...

Media reports more African nations face US visa prohibition

(MENAFN) The United States intends to widen its controversial travel restrictions to citizens from 36 additional countries, with 25 of them located in Africa, according to an internal State Department memo reported by The Washington Post over the...

African Nations Witness US Visa Ban

(MENAFN) The United States is reportedly preparing to widen its controversial travel limitations to encompass nationals from 36 additional countries, according to a report by a news agency over the weekend, which referenced a confidential...

IMF Staff Completes Visit to São Tomé and Príncipe

Economic prospects are favorable, with growth expected to be around 5 percent in 2017 Inflation rose to 5.1 percent at end-2016, up from 4 percent in 2015 Domestic primary deficit in 2016 was higher than expected A staff team from the...