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Sao Tome and Principe - Country partnership strategy for the period FY2014-18 (English)

Covering the period from FY2014 to 2018, this World Bank Group (WBG) country partnership strategy (CPS) for the Democratic Republic of Sao Tome and Principe (STP) is timed to support the implementation of STP's second poverty reduction strategy paper (PRSP II). It builds on the most recent country assistance strategy (CAS), which was extended into FY2012 through an interim strategy note (ISN) to allow the government to finalize the new PRSP. PRSP II is designed to reduce poverty in STP by creating the conditions needed for growth and job creation. Growth prospects have recently been affected by the fact that oil production is not likely to commence as expected in 2015. Although STP has made major advances in human development outcomes in health and education, it appears from current trends that STP will probably not meet all the millennium development goals (MDGs), particularly those related to gender, and sanitation. However, it has made notable progress in improving the investment climate and the business environment. The CPS is directed to the twin goals of poverty reduction and shared prosperity by strengthening the conditions for job creation. The expected financial envelope for the FY2014-18 strategy period will include an International Development Association (IDA) 16-17 allocation equivalent of about United States (U.S.) 20 million dollars (excluding new regional IDA activities). The CPS presents measures to mitigate the numerous risks to the WBG strategy. The main risks are political uncertainty, inadequate institutional and implementation capacity, possible macroeconomic instability and external shocks, a weak nexus between growth and poverty reduction, and issues of economic governance.

Details

  • Document Date

    2014/05/28

  • Document Type

    Country Assistance Strategy Document

  • Report Number

    83144

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Sao Tome and Principe,

  • Region

    Africa,

  • Disclosure Date

    2014/07/10

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2014-07-03T00:00:00Z

  • Doc Name

    Sao Tome and Principe - Country partnership strategy for the period FY2014-18

  • Keywords

    Analytical and Advisory Activities;financial and private sector development;multilateral investment guarantee agency;Macroeconomic Stability;tourism;small island economies;water and electricity;Sanitary and Phytosanitary Measures;Job Creation;oil production;Maternal and Child Mortality;information and communication technology;per capita income;vulnerability to climate change;Electricity and Water Utility;labor market due;female head of household;Growth Elasticity of Poverty;literacy rate of woman;access to safe water;real exchange rate appreciation;Public and Publicly Guaranteed;social and economic development;acquired immunodeficiency syndrome;united nations population fund;addressing poverty reduction;role of parliament;human development outcome;risk of debt;private sector initiative;Private Sector Growth;national poverty rate;import of goods;Access to Education;primary fiscal deficit;current account deficit;Exchange Rates;fiscal adjustment;export base;area of gender;low poverty rate;labor force participation;gender equality law;private capital inflow;fiscal consolidation effort;Human Immunodeficiency Virus;access to information;financing capital expenditure;tourism development strategy;maternal mortality ratio;Program of Activities;flowers and plant;allocation of resource;balance of payment;Natural Resource Management;foreign direct investment;exchange rate peg;equal income distribution;increase tax revenue;international food prices;incidence of poverty;export of goods;bank lending rate;fixed exchange rate;annual debt service;main urban areas;human development indicator;spread of hiv;open skies policy;public investment program;gross national income;limited job opportunities;incidence of malaria;skilled birth attendants;poverty reduction goal;public capital spending;engine of growth;direct budget support;customs clearance procedures;increase in labor;improved sanitation facilities;high literacy rate;number of drivers;change in poverty;improved water source;

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Citation

Sao Tome and Principe - Country partnership strategy for the period FY2014-18 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/851211468105842423/Sao-Tome-and-Principe-Country-partnership-strategy-for-the-period-FY2014-18