Sao Tomé and Príncipe: Background Papers and Statistical Appendix

This paper describes economic and financial developments in Sao Tomé and Príncipe during the 1990s. The economic and financial performance deteriorated sharply during 1994, owing to excessively expansionary fiscal and monetary policies. Although real GDP grew virtually at the same rate as in 1993, i...

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Bibliographic Details
Corporate Author: International Monetary Fund (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1995
Series:IMF Staff Country Reports IMF Staff Country Report No. 95/65
Online Access:UBW01
UEI01
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UER01
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Volltext
Summary:This paper describes economic and financial developments in Sao Tomé and Príncipe during the 1990s. The economic and financial performance deteriorated sharply during 1994, owing to excessively expansionary fiscal and monetary policies. Although real GDP grew virtually at the same rate as in 1993, inflation almost doubled. The fiscal deficit increased markedly compared with 1993, and was financed to a much greater extent than in the past by net credit from the banking system. Nonetheless, the balance of payments improved, primarily owing to higher inflows of private and official unrequited transfers
Physical Description:1 Online-Ressource (87 p)
ISBN:1451834950
9781451834956

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