A mission of the International Monetary Fund (IMF) is due on Wednesday to begin a new assessment of the macroeconomic situation of São Tomé and Príncipe, officials said in Sao Tomé on Tuesday.
The five members of the IMF mission will remain in Sao Tome for two weeks, with the first working meeting scheduled for Wednesday with the Minister of Planning, Finance and the Blue Economy, Osvaldo Vaz.
The IMF delegation’s visit comes after the new São Tomé government, headed by Prime Minister Jorge Bom Jesus, warned that the country’s macroeconomic situation is “black”, according to Portuguese news agency Lusa.
During the state of the nation debate on 19 December, the Minister of Planning reported that the country’s public debt had increased from US$260 million in 2014 to US$587 million, not including the debts of autonomous public entities. (macauhub)