01830cas a2200241 a 4500 AALejournalIMF013748 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475597257 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Democratic Republic of Sao Tome and Principe : First Review Under the Extended Credit Facility Arrangement. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (61 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses the Democratic Republic of Sao Tome and Principe's First Review under the Extended Credit Facility Arrangement. The economy remains vulnerable to external and domestic shocks. Growth decelerated to 4 percent in 2012, reflecting persistent global uncertainties, particularly in Europe, which contributed to a slowdown in foreign direct investment, and in the execution of the foreign-financed public investment program. Commercial banks profitability and capital-to-risk weighted assets ratio declined in 2012, reflecting more challenging lending conditions. The central bank continues to strengthen its banking supervision function through on-site inspections and enforcement of banking regulation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/208 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/208/002.2013.issue-208-en.xml IMF e-Library