Democratic Republic of São Tomé and Príncipe: Staff Report for 2022 Article IV Consultation; Fourth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for São Tomé and Príncipe PDF Download

Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
São Tomé and Príncipe has maintained macroeconomic stability, despite many challenges. The COVID-19 pandemic exacerbated long-standing socio-economic vulnerabilities, which were further compounded by persistent energy shortages and damages from the floods in end-2021. Growth declined in 2021 with power outages, while a targeted expansion of the cash transfer and food support programs provided needed relief to the most vulnerable. Strong grant financing remains critical for mitigating the impact of the pandemic. Vaccinations are proceeding, although the new COVID-19 variants pose risks for protracting the impact of the pandemic and require renewed actions to mitigate those risks. Parliamentary elections are expected in October 2022.

Author: International Monetary Fund.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1484380037
Category : Business & Economics
Languages : en
Pages : 90

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Book Description
The key objectives of the program are to restore macroeconomic and debt sustainability, address falling reserves, and increase growth. The new government, which took office in late May, has committed to fiscal consolidation and structural reform as key tools for macroeconomic adjustment.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484324072
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 148439139X
Category : Business & Economics
Languages : en
Pages : 95

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Book Description
Sierra Leone is a fragile state. Since emerging from a decade-long civil war in 2001, the country has made notable economic progress but has also suffered occasional setbacks, such as the Ebola Virus Disease epidemic of 2014. A three-year ECF arrangement was approved June 2017 to help address Sierra Leone’s macroeconomic weaknesses—in particular, low revenue, elevated inflation, high public debt, and inadequate foreign exchange reserve buffers—which had been exacerbated by the Ebola crisis and a collapse in iron ore prices (Country Report No. 17/154). However, the program went off track shortly after approval as lackluster revenue performance and expenditure overruns led to a budget cash shortfall and a growing stock of budget arrears. With the authorities unable to take corrective actions ahead of the March 2018 presidential elections the first review of the program was put on hold. Since then elections have produced a new government, marking the first change of power in ten years. This government has taken a number of corrective actions over the last six months with the aim of reviving the program engagement with the IMF.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1513571176
Category : Business & Economics
Languages : en
Pages : 46

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Book Description
This paper provides background for initial considerations on the appropriate size of the Fund’s overall lending capacity over the medium term. The paper reviews developments in the demand for Fund resources during the global crisis. The paper also argues that the global economy is changing in fundamental ways, with implications for the size of the Fund. Against this background, the analysis suggests that the current overall lending capacity of the Fund should be seen as a minimum. Additional resources would be needed if the Fund were to introduce changes to its lending framework. While the financing structure of the Fund should be largely quota-based, staff sees a strong case for continuing to backstop quota resources with a standing borrowing facility. Maintaining the Fund’s current overall lending capacity would require swift action by the membership.

Author: Kelvin Campbell
Publisher: Chelsea Green Publishing Company
ISBN: 9781603587754
Category : Architecture
Languages : en
Pages : 0

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Book Description
Bookbuilders of Boston Winner -- Professional, Illustrated Category The key to fixing our broken patterns of urban development does not lie in grand plans or giant projects; rather, it lies in the collective wisdom and energy of people harnessing the power of many small ideas and actions to make a big difference. We call this making "Massive Small" change. In an increasingly complex and changing world where global problems are felt locally, the systems we use to plan, design, and build our urban neighborhoods are failing. For three generations, governments the world over have tried to order and control the evolution of cities through rigid, top-down action. Yet, master plans lie unfulfilled, housing is in crisis, the environment is under threat, and the urban poor have become poorer. The system is not broken: it was built this way. And governments alone cannot solve these problems. But there is another way--the Massive Small way--a concept developed by Kelvin Campbell, the innovative founder of Urban Initiatives, an internationally recognized urban design practice based in London, and curator of Smart Urbanism [Massive Small], one of the largest LinkedIn communities in the field of online urbanism. Making Massive Small Change, the first truly comprehensive sourcebook to come out of this work, showcases cities as they really are--deeply complex, adaptive systems. As such, it offers an alternative to our current highly mechanistic model of urban development. With roots in the work of great urban theorists such as Jane Jacobs, Christopher Alexander, and E. F. Schumacher, Making Massive Small Change integrates this thinking with Complexity Theory and a scientific understanding of sustainability and resilience in cities. It sets out the enabling protocols, conditions, and behaviors that deliver Massive Small change in our neighborhoods. It describes and illustrates the ideas, tools, and tactics being used to help engaged citizens, civic leaders, and urban professionals to work together to build viable urban society, and it will show how effective system change can be implemented. Highly illustrated with stunning graphics and photographs of cityscapes and urban life, this essential toolkit for the future can be called the next Whole Earth Catalog for twenty-first century urban planning and development.

Author: World Bank
Publisher: International Monetary Fund
ISBN: 1498341233
Category : Business & Economics
Languages : en
Pages : 12

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Book Description
This paper proposes reforms to the discount rates used by the Bank and the Fund to (a) calculate the present value (PV) of the external debt of low-income countries (LICs) in debt sustainability analyses (DSAs) and (b) to calculate the grant element of individual loans. Consistent with the conclusions of the March 2013 review of the Fund’s debt limits policy, the paper proposes a single uniform discount rate to be used for these related operational purposes. It has been prepared as a joint product of Bank and Fund staff, with the exception of the decision, which is Fund-specific.

Author: International Monetary Fund. African Dept.
Publisher:
ISBN: 9781513557601
Category :
Languages : en
Pages :

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Book Description
Sub-Saharan Africa is struggling to navigate an unprecedented health and economic crisis--one that, in just a few months, has jeopardized decades of hard-won development gains and upended the lives and livelihoods of millions.