News Sao Tome and Principe Credit: Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe
The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to the crisis; The IMF mission reached a staff-level agreement on measures needed to alleviate the crisis this year, support a speedy recovery, and maintain macroeconomic and financial stability ove. Read more.
News Sao Tome and Principe Credit: IMF Executive Board completes second review under Extended Credit Facility arrangement for São Tomé and Príncipe
Washington, DC, US (PANA) - The IMF Executive Board has completed the second review under the Extended Credit Facility (ECF) arrangement with São Tomé and Príncipe
News Sao Tome and Principe Credit: India’s passport rank improves to 83 from 90
Japan and Singapore top the index. The current rankings are for first quarter of 2022 and India shares the position with Sao Tome and Principe in Central Africa, behind Rwanda and Uganda.
News Sao Tome and Principe Credit: Is this the end of the line for China’s big belt and road funding in Africa?
Chinese lenders have supplied much of the financing for major infrastructure projects on the continent, but Beijing is changing its position on lending, observers say.
