São Tomé and Príncipe:Joint Staff Advisory Note on the Poverty Reduction Strategy Annual Progress Report

Author: International Monetary Fund

Joint Staff Advisory Note on the Poverty Reduction Strategy Annual Progress Report

Volume/Issue: Volume 2008 Issue 155

Publication date: May 2008

ISBN: 9781451835168

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Topics covered in this book

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Public Finance , Taxation - General , ISCR , CR , government , spending , PRSP implementation , PRSP monitoring , PRSP objective , PRSP priority , debt management strategy , PRSP supervision , PRSP strategy , PRSP progress reports , São Tomé and Príncipe's Poverty Reduction Strategy Paper , Oil , gas and mining taxes , Africa

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Summary

The second Annual Progress Report (APR) evaluates progress of Poverty Reduction Strategy Paper (PRSP) implementation aimed to promote growth and reduce poverty of São Tomé and Príncipe. The report recognizes the need to tighten fiscal and monetary policies to safeguard macroeconomic stability, emphasize on strengthened implementation of public financial management reforms, and achieve MDGs, particularly in health and education. It also stressed the need to review oil prospects in future reports. The APR emphasizes on the importance of debt relief, strong policy implementation, and greater coordination with the country’s development partners.