Country Economic Memorandum : Background Note 2 – Economic Growth and Volatility : Is it Sustainable for Sao Tome and Príncipe to have a Large Current Account Deficitand a Fixed Exchange Rate? (English)

Is it sustainable for São Tomé and Príncipe to have a large current account deficit and a fixed exchange rate peg? Sao Tomé and Príncipe (STP) pegs its currency, the dobra, to the euro and has both persistent current account deficits and a persistent inflation differential with the Euro Area. In other countries, these characteristics have proved to be unsustainable over time, as rising debt and a worsening trade imbalance leads to the abandonment...

DETAILS

Author

Arteta,Carlos;

Kirby,Patrick Alexander;
Document Date
2019/06/26
Document Type
Country Economic Memorandum
Report Number
139085
Volume No
1
Total Volume(s)
1
Country
Sao Tome and Principe,
Region
Eastern and Southern Africa,
Disclosure Date
2019/07/12
Disclosure Status
Disclosed
Doc Name
Country Economic Memorandum : Background Note 2 – Economic Growth and Volatility : Is it Sustainable for Sao Tome and Príncipe to have a Large Current Account Deficitand a Fixed Exchange Rate?
Keywords
current account deficit

Language

English

Rel. Proj ID

ST-STP Country Economic Memorandum (CEM) -- P164180

Major Sector

FY17 - Industry, Trade and Services

FY17 - Agriculture, Fishing and Forestry

Theme

FY17 - Macroeconomic & Structural Policy Modelling,FY17 - Oceans,FY17 - Environmental policies and institutions,FY17 - Agriculture Finance,FY17 - Economic Growth and Planning,FY17 - Rural Markets,FY17 - Rural Development,FY17 - Rural Non-farm Income Generation,FY17 - Finance for Development,FY17 - Gender,FY17 - Renewable Natural Resources Asset Management

Sector

FY17 - Tourism,FY17 - Agricultural markets, commercialization and agri-business,FY17 - Fisheries

TF No/Name

TF0A8988-Brief Trade and Connectivity Assessment for the STP CEM

Topics

Current Account,Current Account Deficit,Inflation,Trade,Trade Balance,

Historic Topics

International Economics and Trade, Macroeconomics and Economic Growth,

Historic SubTopics

Inflation, International Trade and Trade Rules, Macroeconomic Management,

Unit Owning

EFI-AFR1-MTI-MacroFiscal-1 (EAEM1)

Originating Unit

GMTA1 - West and Central Africa

Version Type

Final

Product Line

Advisory Services & Analytics

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

DOCX
Official PDF
TXT*
Total Downloads** : 519
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Arteta,Carlos; Kirby,Patrick Alexander.

Country Economic Memorandum : Background Note 2 – Economic Growth and Volatility : Is it Sustainable for Sao Tome and Príncipe to have a Large Current Account Deficitand a Fixed Exchange Rate? (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/751241562907012780

Country Economic Memorandum : Background Note 2 – Economic Growth and Volatility : Is it Sustainable for Sao Tome and Príncipe to have a Large Current Account Deficitand a Fixed Exchange Rate? (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

RELATED LINKS

SUBSCRIBE TO EMAIL ALERTS