IMF urges São Tomé and Príncipe central bank to support recovery

Photo of Sao Tome and Principe

The Covid-19 pandemic has caused a “deep recession” in São Tomé and Príncipe, according to a statement from the International Monetary Fund.

As part of its latest assessment of the small African nation, the IMF urged the central bank to actively manage liquidity and continue to support the exchange rate peg through the recovery.

“Though the outbreak has been broadly brought under control, containment measures and weak external demand have prompted a deep recession and raised fiscal financing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.