Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms
This Integrated Fiduciary Assessment is the first of its kind for Sao Tome and Principe. It combines the analysis and policy recommendations from a public expenditure review (PER), a country financial accountability assessment (CFAA), and a country...
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| Format: | Integrated Fiduciary Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/06/9823677/democratic-republic-sao-tome-principe-country-integrated-fiduciary-assessment-vol-4-4-country-financial-accountability-assessment-evaluation-ongoing-reforms http://hdl.handle.net/10986/7552 |
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okr-10986-7552 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEM ADMINISTRATIVE CONTROL ADMINISTRATIVE CONTROLS ADMINISTRATIVE SYSTEMS AGENCY EMPLOYEES ALLOCATION ANNUAL BUDGET ANNUAL WORK PROGRAM APPROPRIATIONS ARBITRATION ARREARS ARTICLE BALANCE SHEET BANK ACCOUNTS BID BIDS BUDGET ALLOCATIONS BUDGET BALANCE BUDGET CIRCULAR BUDGET CONSTRAINTS BUDGET DOES BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGERS BUDGET OPERATIONS BUDGET OUTCOME BUDGET PLANNING BUDGET PREPARATION BUDGET PREPARATION PROCEDURE BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROPOSAL BUDGET PROPOSALS BUDGET SITUATION BUDGET SYSTEM BUDGETARY DATA BUDGETARY OPERATIONS BUDGETARY PRINCIPLES CAPACITY BUILDING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL SPENDING CASH BALANCE CASH FLOW CASH MANAGEMENT CASH TRANSACTIONS CD CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVANTS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDITS CREDITWORTHINESS DATA RELIABILITY DEBT DATA DEBT MANAGEMENT DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENTS ECONOMIC MANAGEMENT EQUIPMENT EXPENDITURE BUDGET EXPENDITURE CEILING EXPENDITURE CEILINGS EXPENDITURE CYCLE EXPENDITURE FORECAST EXPENDITURE FRAMEWORK EXPENDITURE PROCESS EXPENDITURE PROGRAMMING EXTERNAL DEBT EXTERNAL FINANCING FIDUCIARY ASSESSMENT FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FINANCIAL OPERATIONS FINANCIAL POSITION FINANCIAL PROGRAMMING FINANCIAL RESOURCES FINANCIAL RISK FISCAL BALANCE FISCAL EXPENDITURE FISCAL IMPACT FISCAL POLICY FISCAL REVENUE FISCAL SYSTEM FISCAL YEARS FOREIGN FINANCING FRAUD GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT STRUCTURES HOLDING HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE ASSETS INCOME TAX INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL STANDARDS INVENTORY INVESTMENT BUDGET INVESTMENT BUDGETING INVESTMENT EXPENDITURE INVESTMENT EXPENDITURES INVESTMENT SPENDING JUDICIAL SYSTEM LEGAL FRAMEWORK LEGAL INSTRUMENTS LIQUIDATION LOAN LOAN CONTRACTS LONG TERM DEBT MACROECONOMIC FRAMEWORK MARKET PRICES MATURITIES MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MONETARY FUND MONETARY UNION MULTILATERAL DONORS NATIONAL TREASURY OPERATING EXPENDITURES OPERATIONAL EXPENDITURES OUTSTANDING AMOUNTS PAYMENT ORDER PAYMENT ORDERS PAYROLL TAXES PERSONNEL EXPENDITURES POVERTY REDUCTION PRIVATE ENTERPRISES PROGRAM CLASSIFICATION PROGRAM CLASSIFICATIONS PROGRAMS PUBLIC ACCOUNTS PUBLIC ADMINISTRATION PUBLIC AUTHORITIES PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FUNDS PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SPENDING PUBLIC WORKS QUALITY CONTROL RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM ACTIONS REFORM PROCESS REGIONAL ADMINISTRATION REGULATORY FRAMEWORK RESOURCE AVAILABILITY RETURNS REVENUE FORECAST RISK ASSESSMENT SALARY PAYMENTS SECURITIES SENIOR SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TOTAL EXPENDITURES TRANSACTION TRANSPARENCY TREASURY TREASURY DIRECTORATE TREASURY MANAGEMENT UNCERTAINTY WAGE |
| spellingShingle |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEM ADMINISTRATIVE CONTROL ADMINISTRATIVE CONTROLS ADMINISTRATIVE SYSTEMS AGENCY EMPLOYEES ALLOCATION ANNUAL BUDGET ANNUAL WORK PROGRAM APPROPRIATIONS ARBITRATION ARREARS ARTICLE BALANCE SHEET BANK ACCOUNTS BID BIDS BUDGET ALLOCATIONS BUDGET BALANCE BUDGET CIRCULAR BUDGET CONSTRAINTS BUDGET DOES BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGERS BUDGET OPERATIONS BUDGET OUTCOME BUDGET PLANNING BUDGET PREPARATION BUDGET PREPARATION PROCEDURE BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROPOSAL BUDGET PROPOSALS BUDGET SITUATION BUDGET SYSTEM BUDGETARY DATA BUDGETARY OPERATIONS BUDGETARY PRINCIPLES CAPACITY BUILDING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL SPENDING CASH BALANCE CASH FLOW CASH MANAGEMENT CASH TRANSACTIONS CD CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVANTS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDITS CREDITWORTHINESS DATA RELIABILITY DEBT DATA DEBT MANAGEMENT DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENTS ECONOMIC MANAGEMENT EQUIPMENT EXPENDITURE BUDGET EXPENDITURE CEILING EXPENDITURE CEILINGS EXPENDITURE CYCLE EXPENDITURE FORECAST EXPENDITURE FRAMEWORK EXPENDITURE PROCESS EXPENDITURE PROGRAMMING EXTERNAL DEBT EXTERNAL FINANCING FIDUCIARY ASSESSMENT FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FINANCIAL OPERATIONS FINANCIAL POSITION FINANCIAL PROGRAMMING FINANCIAL RESOURCES FINANCIAL RISK FISCAL BALANCE FISCAL EXPENDITURE FISCAL IMPACT FISCAL POLICY FISCAL REVENUE FISCAL SYSTEM FISCAL YEARS FOREIGN FINANCING FRAUD GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT STRUCTURES HOLDING HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE ASSETS INCOME TAX INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL STANDARDS INVENTORY INVESTMENT BUDGET INVESTMENT BUDGETING INVESTMENT EXPENDITURE INVESTMENT EXPENDITURES INVESTMENT SPENDING JUDICIAL SYSTEM LEGAL FRAMEWORK LEGAL INSTRUMENTS LIQUIDATION LOAN LOAN CONTRACTS LONG TERM DEBT MACROECONOMIC FRAMEWORK MARKET PRICES MATURITIES MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MONETARY FUND MONETARY UNION MULTILATERAL DONORS NATIONAL TREASURY OPERATING EXPENDITURES OPERATIONAL EXPENDITURES OUTSTANDING AMOUNTS PAYMENT ORDER PAYMENT ORDERS PAYROLL TAXES PERSONNEL EXPENDITURES POVERTY REDUCTION PRIVATE ENTERPRISES PROGRAM CLASSIFICATION PROGRAM CLASSIFICATIONS PROGRAMS PUBLIC ACCOUNTS PUBLIC ADMINISTRATION PUBLIC AUTHORITIES PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FUNDS PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SPENDING PUBLIC WORKS QUALITY CONTROL RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM ACTIONS REFORM PROCESS REGIONAL ADMINISTRATION REGULATORY FRAMEWORK RESOURCE AVAILABILITY RETURNS REVENUE FORECAST RISK ASSESSMENT SALARY PAYMENTS SECURITIES SENIOR SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TOTAL EXPENDITURES TRANSACTION TRANSPARENCY TREASURY TREASURY DIRECTORATE TREASURY MANAGEMENT UNCERTAINTY WAGE World Bank Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| geographic_facet |
Africa West Africa Sub-Saharan Africa Sao Tome and Principe |
| description |
This Integrated Fiduciary Assessment is
the first of its kind for Sao Tome and Principe. It combines
the analysis and policy recommendations from a public
expenditure review (PER), a country financial accountability
assessment (CFAA), and a country procurement assessment
review (CPAR). The goal of the report is to identify the
major challenges facing the country in the prepetroleum era
(the next three to five years) in public finance management
(including public enterprises) as it attempts to implement
its National Poverty Reduction Strategy (NPRS) with a tight
resource envelope. This executive summary presents recent
economic developments and fiscal sustainability analysis
that takes into account petroleum and no-petroleum
scenarios, with corresponding analysis on which of the
Millennium Development Goals (MDGs) are reachable. The
summary reports on revenue and expenditure performance since
2000-01, issues related to the implementation of the public
investment program (PIP) and its coordination with the NPRS,
and the budget process, including findings from the Health
PER, which highlights a lack of allocative efficiency. The
summary reports on the financial fragility of state-owned
enterprises (SOEs) and the possible fiscal consequences for
the central budget, especially regarding the implicit
subsidies and tax breaks to (and the hypothetical tariff
increases of) the electricity and water company. The summary
of reports on the status of the public finance management
system (budget preparation, execution, control, governance,
and human resources) and the reform process that may address
many of the concerns it rises. Finally, the summary presents
the findings related to the procurement process, including
the legislative and regulatory framework, institutional
framework and management capacity, procurement operations
and market practices, and integrity and transparency of the system. |
| format |
Economic & Sector Work :: Integrated Fiduciary Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| title_short |
Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| title_full |
Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| title_fullStr |
Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| title_full_unstemmed |
Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms |
| title_sort |
democratic republic of são tomé and príncipe country integrated fiduciary assessment : volume 4. country financial accountability assessment and evaluation of ongoing reforms |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/06/9823677/democratic-republic-sao-tome-principe-country-integrated-fiduciary-assessment-vol-4-4-country-financial-accountability-assessment-evaluation-ongoing-reforms http://hdl.handle.net/10986/7552 |
| _version_ |
1764404557906968576 |
| spelling |
okr-10986-75522021-04-23T14:02:38Z Democratic Republic of São Tomé and Príncipe Country Integrated Fiduciary Assessment : Volume 4. Country Financial Accountability Assessment and Evaluation of Ongoing Reforms World Bank ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACCOUNTING SYSTEM ADMINISTRATIVE CONTROL ADMINISTRATIVE CONTROLS ADMINISTRATIVE SYSTEMS AGENCY EMPLOYEES ALLOCATION ANNUAL BUDGET ANNUAL WORK PROGRAM APPROPRIATIONS ARBITRATION ARREARS ARTICLE BALANCE SHEET BANK ACCOUNTS BID BIDS BUDGET ALLOCATIONS BUDGET BALANCE BUDGET CIRCULAR BUDGET CONSTRAINTS BUDGET DOES BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGERS BUDGET OPERATIONS BUDGET OUTCOME BUDGET PLANNING BUDGET PREPARATION BUDGET PREPARATION PROCEDURE BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROPOSAL BUDGET PROPOSALS BUDGET SITUATION BUDGET SYSTEM BUDGETARY DATA BUDGETARY OPERATIONS BUDGETARY PRINCIPLES CAPACITY BUILDING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL SPENDING CASH BALANCE CASH FLOW CASH MANAGEMENT CASH TRANSACTIONS CD CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVANTS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CREDITS CREDITWORTHINESS DATA RELIABILITY DEBT DATA DEBT MANAGEMENT DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENTS ECONOMIC MANAGEMENT EQUIPMENT EXPENDITURE BUDGET EXPENDITURE CEILING EXPENDITURE CEILINGS EXPENDITURE CYCLE EXPENDITURE FORECAST EXPENDITURE FRAMEWORK EXPENDITURE PROCESS EXPENDITURE PROGRAMMING EXTERNAL DEBT EXTERNAL FINANCING FIDUCIARY ASSESSMENT FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FINANCIAL OPERATIONS FINANCIAL POSITION FINANCIAL PROGRAMMING FINANCIAL RESOURCES FINANCIAL RISK FISCAL BALANCE FISCAL EXPENDITURE FISCAL IMPACT FISCAL POLICY FISCAL REVENUE FISCAL SYSTEM FISCAL YEARS FOREIGN FINANCING FRAUD GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTING SYSTEM GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT STRUCTURES HOLDING HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE ASSETS INCOME TAX INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL STANDARDS INVENTORY INVESTMENT BUDGET INVESTMENT BUDGETING INVESTMENT EXPENDITURE INVESTMENT EXPENDITURES INVESTMENT SPENDING JUDICIAL SYSTEM LEGAL FRAMEWORK LEGAL INSTRUMENTS LIQUIDATION LOAN LOAN CONTRACTS LONG TERM DEBT MACROECONOMIC FRAMEWORK MARKET PRICES MATURITIES MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MONETARY FUND MONETARY UNION MULTILATERAL DONORS NATIONAL TREASURY OPERATING EXPENDITURES OPERATIONAL EXPENDITURES OUTSTANDING AMOUNTS PAYMENT ORDER PAYMENT ORDERS PAYROLL TAXES PERSONNEL EXPENDITURES POVERTY REDUCTION PRIVATE ENTERPRISES PROGRAM CLASSIFICATION PROGRAM CLASSIFICATIONS PROGRAMS PUBLIC ACCOUNTS PUBLIC ADMINISTRATION PUBLIC AUTHORITIES PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FUNDS PUBLIC INTEREST PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SPENDING PUBLIC WORKS QUALITY CONTROL RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM ACTIONS REFORM PROCESS REGIONAL ADMINISTRATION REGULATORY FRAMEWORK RESOURCE AVAILABILITY RETURNS REVENUE FORECAST RISK ASSESSMENT SALARY PAYMENTS SECURITIES SENIOR SERVICE PROVIDER SERVICE PROVIDERS STAKEHOLDERS TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TOTAL EXPENDITURES TRANSACTION TRANSPARENCY TREASURY TREASURY DIRECTORATE TREASURY MANAGEMENT UNCERTAINTY WAGE This Integrated Fiduciary Assessment is the first of its kind for Sao Tome and Principe. It combines the analysis and policy recommendations from a public expenditure review (PER), a country financial accountability assessment (CFAA), and a country procurement assessment review (CPAR). The goal of the report is to identify the major challenges facing the country in the prepetroleum era (the next three to five years) in public finance management (including public enterprises) as it attempts to implement its National Poverty Reduction Strategy (NPRS) with a tight resource envelope. This executive summary presents recent economic developments and fiscal sustainability analysis that takes into account petroleum and no-petroleum scenarios, with corresponding analysis on which of the Millennium Development Goals (MDGs) are reachable. The summary reports on revenue and expenditure performance since 2000-01, issues related to the implementation of the public investment program (PIP) and its coordination with the NPRS, and the budget process, including findings from the Health PER, which highlights a lack of allocative efficiency. The summary reports on the financial fragility of state-owned enterprises (SOEs) and the possible fiscal consequences for the central budget, especially regarding the implicit subsidies and tax breaks to (and the hypothetical tariff increases of) the electricity and water company. The summary of reports on the status of the public finance management system (budget preparation, execution, control, governance, and human resources) and the reform process that may address many of the concerns it rises. Finally, the summary presents the findings related to the procurement process, including the legislative and regulatory framework, institutional framework and management capacity, procurement operations and market practices, and integrity and transparency of the system. 2012-06-08T18:10:26Z 2012-06-08T18:10:26Z 2007-06 http://documents.worldbank.org/curated/en/2007/06/9823677/democratic-republic-sao-tome-principe-country-integrated-fiduciary-assessment-vol-4-4-country-financial-accountability-assessment-evaluation-ongoing-reforms http://hdl.handle.net/10986/7552 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Integrated Fiduciary Assessment Economic & Sector Work Africa West Africa Sub-Saharan Africa Sao Tome and Principe |