IMF expresses concern about São Tomé central bank

Photo of Sao Tome and Principe
Santo António, in São Tomé and Príncipe

The International Monetary Fund called on São Tomé and Principe to bolster the independence of its central bank by passing a delayed reform law.

The fund’s recommendation came in its second review of a $18.2 million IMF loan package approved in October 2019.

The loan is São Tomé and Principe’s eighth IMF credit line since 1987, according to Gerhard Seibert, an associate researcher at the University Institute of Lisbon. At the time the most recent loan was signed, the small country was facing

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