Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

Published on: Saturday 17 August 2024

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 source: https://www.pulse.ng/story/coronavirus-sao-tome-and-principe-international-monetary-fund-imf-staff-completes-a-2024081711380402946

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Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe