This web page provides information on the activities of the IMF office in São Tomé and Príncipe, views of the IMF staff, and the relations between São Tomé and Príncipe and the IMF. Additional information can be found on the São Tomé and Príncipe and IMF country page, including official IMF reports and Executive Board documents in English and Portuguese that cover São Tomé and Príncipe.

São Tomé and Príncipe and the IMF

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At A Glance

• Current IMF membership: 190 countries

• São Tomé and Príncipe joined the IMF on September 30, 1977

• Total Quotas: SDR 14.8 million

• Outstanding Purchases and Loans: 25.21 million (March 31, 2023)

• Article IV/Country Report : April 4, 2022

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Office Activities

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São Tomé and Príncipe and the IMF

  • IMF Staff Completes Visit to São Tomé and Príncipe

    June 6, 2024

    An International Monetary Fund (IMF) team led by Mr. Slavi Slavov, Mission Chief for São Tomé and Príncipe, visited São Tomé during May 23 – June 5, 2024, to discuss with the São Toméan authorities IMF support for their policies and reform plans.

  • Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

    May 1, 2023

    Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.

  • IMF Staff Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe

    March 31, 2023

    “The São Toméan authorities and the IMF team have reached staff-level agreement to support the authorities’ economic adjustment and reform policies with a new 40-month program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of SDR 14.8 million or about US$20 million. The agreement is subject to approval by IMF Management and Executive Board in the period ahead, contingent on the implementation of prior actions by the authorities.

  • IMF Staff Concludes Visit to São Tomé and Príncipe

    March 2, 2023

    “São Tomé and Principe’s economic conditions are challenging. Long-standing socio-economic vulnerabilities were further compounded by the COVID-19 pandemic, persistent energy shortages, the floods at end-2021 and early-2022, and a sharp increase in global food and fuel prices. As a result, 2022 growth slowed to an estimated 0.9 percent, down from an average of about 4 percent in the previous few years. Inflation reached 25.6 percent year-on-year in January 2023. International reserves fell substantially.

  • IMF Staff Completes Visit to São Tomé and Príncipe

    December 15, 2022

    IMF Staff Completes Visit to São Tomé and Príncipe

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Regional Economic Outlook

April 19, 2024

A Tepid and Pricey Recovery

After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.

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Fraudulent Scam Emails

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF