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Sao Tome and Principe - Poverty Reduction Strategy Paper (PRSP) and joint assessment (English)

This first Poverty Reduction Strategy Paper (PRSP) builds on the strategy set in the interim PRSP (I-PRSP), and, capitalizes on its lessons, and on previous efforts, such as mainly the 2000-2001 survey of living conditions, and poverty analyses. The PRSP sets an ambitious policy agenda-with an overall cost of about US$210 million for the first seven years of implementation. The main long-term objectives are the following: 1) reduce the percentage of Sao Tome and Principe's population living in poverty (54 percent) by one half by 2010, and by more than two thirds by 2015; 2) provide access to basic social services for the entire population by 2015; and, 3) reduce the gap in social indicators across urban and rural populations, gender and geographical locations. The main strengths of the PRSP are in: a) providing a poverty diagnosis and a comprehensive private-sector-led development strategy; b) paying special attention to cross-cutting issues, notably governance; and, 3) identifying detailed indicators to monitor progress in poverty reduction. The staffs concerns identified in a number of areas, where further analysis would be desirable, suggest the PRSP could benefit from: 1) prioritizing actions among, and within sectoral strategies, and making them fully consistent with the annual fiscal budget and the overall medium-term poverty alleviation strategy, 2) launching an in-depth analysis of the impact of potential oil revenues on the economy; and, 3) making an assessment of the redistributive effect of the proposed reforms, including taxation, land redistribution, and privatization. The staff also supports further work in securing good governance and fighting corruption, especially in the context of rising oil revenue. Trade policy is another area that merits attention, particularly given the emphasis of the PRSP on the need for non-oil investment, and the diversification of production and export. Priority public actions to reduce poverty, increase access to social services to support reaching the Millennium Development Goals (MDGs), and shrink the geographical social and gender gaps are based on the following strategic pillars: maintain macro-stability while supporting accelerated and broad-based economic growth; increase population access to basic social services, particularly basic education and health; strengthen public institutions and foster good governance; and, devise mechanisms for monitoring and updating the strategy.

Details

  • Document Date

    2005/03/03

  • Document Type

    Poverty Reduction Strategy Paper (PRSP)

  • Report Number

    31726

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Sao Tome and Principe,

  • Region

    Africa,

  • Disclosure Date

    2005/09/16

  • Disclosure Status

    Disclosed

  • Doc Name

    Sao Tome and Principe - Poverty Reduction Strategy Paper (PRSP) and joint assessment

  • Keywords

    integrated management of childhood illness;equitable access to health care;average per capita consumption;water and electricity company;vulnerability to food insecurity;population living in poverty;Survey of Living Conditions;national poverty reduction strategy;Budgetary allocation for health;civil society;social and gender;basic social service;gdp growth rate;poverty alleviation strategy;Access to Education;population with access;millennium challenge;poverty reduction target;flexible exchange rate;fiscal consolidation effort;analysis of poverty;medium-term macroeconomic outlook;oral rehydration;external debt service;production and export;human resource development;agriculture and service;structural adjustment program;public sector agency;primary balance ratio;education and health;characteristic of poverty;gross enrolment rate;basic education level;capacity of institutions;capitalization of state;radio and television;means of communication;Rule of Law;repair and maintenance;regional integration policy;civil service statute;loss of biodiversity;flora and fauna;public sewer system;service and infrastructure;primary education enrollment;adult literacy program;extremely poor household;health sector strategy;absolute poverty line;health care increases;Private Sector Growth;national income account;Public Expenditure Management;drop in poverty;local government structure;availability of poverty;staff support;sectoral strategy;financial resource;political parties;political party;rural area;good governance;donor support;state farm;private investment;extreme poverty;household head;fiscal budget;Health Service;redistributive effect;Labor Union;development partner;inflation rate;Street Children;government strategy;Public Services;legal framework;democratic institution;oil revenue;macroeconomic indicator;rural population;oil production;sick people;Financial Stability;agricultural land;debt sustainability;

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Citation

Sao Tome and Principe - Poverty Reduction Strategy Paper (PRSP) and joint assessment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/824571468299160559/Sao-Tome-and-Principe-Poverty-Reduction-Strategy-Paper-PRSP-and-joint-assessment