São Tomé and Príncipe : A Country Economic Memorandum
This report assesses the progress made by Sao Tome and Principe over the past decade, and presents a set of recommendations on policy and institutional change that might help the economy perform better in the future. This exercise is important, on...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/09/5873318/sao-tome-principe-country-economic-memorandum http://hdl.handle.net/10986/14400 |
| Summary: | This report assesses the progress made
by Sao Tome and Principe over the past decade, and presents
a set of recommendations on policy and institutional change
that might help the economy perform better in the future.
This exercise is important, on one hand, in light of the
need to manage the country's higher income expected
shortly from its oil resources so as to make it the basis of
permanent improvement in the lives of its people. After the
Introduction, Chapter 2 reviews the country's recent
reform and policy initiatives, its macroeconomic and
sectoral performance, and the effectiveness of public policy
during the later 1990s. Chapter 3 outlines the constraints
to private-sector-led growth. It also analyzes the two
sectoral sources that hold the most promise for economic
diversification; agriculture and tourism. Chapter 4 examines
the main economic development challenges the country faces
in achieving growth and poverty alleviation: human resource
development, economic management, continued institutional
reforms, and capacity building. It provides medium-term
recommendations for policy reforms to underpin the process
of efficient and sustained growth and poverty reduction. In
Chapter 5, macroeconomic projections provide an indication
of Sao Tome's medium-term prospects. |
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