A mission from the International Monetary Fund urged the government of Sao Tome and Principe to “improve tax collection and strengthen the financial system” at the end of a three-day visit during which it met with various representatives of the country.
The director of the IMF’s Africa department, Antoinette Saieh, stressed the need for the government to “strengthen the economy and consolidate … More
The United Nations has provided more than US$5.2 million to São Tomé and Príncipe to finance a “sustainable development” project in the archipelago – announced the UN representative in São Tomé, José Salema.
The United Nations support for the project was formalised in a document signed by the representative and the São Tomé Minister of Environment and Natural Resources, Carlos Vila Nova.
Lasting … More
A program funded by the African Development Bank (ADB) has enabled a significant modernisation of agriculture and fisheries in São Tomé and Príncipe, the bank said in a document published on its website.
The document on four years of implementation of the Recovery Programme of Infrastructure to Support Food Security (PRIASA), 2012-2016, said roads had been rebuilt and irrigation channels built for … More
The difficulties of the oil industry in Angola may be an obstacle to the shareholders of São Tomé fuel and oil company ENCO “to view São Tomé and Príncipe with confidence,” the chairman of the company said Thursday in São Tomé.
“Hopefully the constraints linked to the current economic situation, particularly in the Angolan oil industry, will not be an obstacle to … More
The Major Planning Options and the 2016 State Budget of São Tomé and Príncipe, whose discussion started in the country’s parliament, include an economic growth forecast of 5 percent and an inflation rate of around 4 percent, according to press reports.
This budget proposal outlines expenses of about 152 million euros, an increase of 34 percent compared to the execution forecast to … More
Taiwan has provided funding of US$15 million to São Tomé and Príncipe for 2016, under the new annual programme of bilateral cooperation, signed Wednesday in São Tomé.
In a ceremony held at the Ministry of Foreign Affairs, the new document was signed by the São Tomé Minister for the Economy and International Cooperation, Agostinho Fernandes and Taiwanese representative, Miguel Her in the presence of … More