Africa Monitor

Africa Monitor Intelligence

Sao Tome and Principe: Patrice Resists IMF Requirements

The Government considers the IMF’s impositions “very painful”. For the first time in more than 30 years, the country is being governed without a programme with the IMF. After about two years without financial support from the IMF, the government does not have much room to implement its budget. Major importers constantly complain about the lack of currencies for imports and the tax burden. READ MORE