Sao Tome and Principe’s indicators reach best level in last 20 years in 2014

9 February 2015

Sao Tome and Principe’s macroeconomic data in 2014 reached the best level in two decades, and now needs to be extended for the 2015 State Budget, announced the head of a mission of the International Monetary Fund (IMF).

“In 2014 there was an increase in foreign direct investment and inflation continued to decline, there was the lowest level of inflation in the last two decades and we also found that the country’s international reserves are in a comfortable situation,” said Maxwell Opoku-Afari head of the IMF mission, which is visiting the archipelago.

Opoku-Afari said that the outlook was positive overall and added “we need to see how to keep these positive aspects and how they are reflected in the 2015 budget.”

Maxwell Opoku-Afari said it was necessary to capitalise on the growth recorded in 2014, and the presence of the technical team of the IMF in Sao Tome and Principe was intended to support the government in the preparation of the State Budget for 2015.

The head of the IMF mission said he had met with the Minister of Finance and Public Administration, Américo Ramos, with whom he discussed the broad outline of the state budget, with the President of the National Assembly, José da Graça Diogo, and specialised Sao Tome parliamentary committees. (macauhub/ST)