02081cas a2200241 a 4500 AALejournalIMF017295 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475561722 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Democratic Republic of Sao Tome and Principe : Second Review under the Extended Credit Facility, and Request for Waivers for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Sao Tome and Principe. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (74 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 Sao Tome and Principe's Second Review Under the Extended Credit Facility (ECF) and Request for Waivers for Nonobservance of Performance Criteria and modification of performance criteria. The economic outlook for 2017 and the medium term is favorable, but not without risks. The main sources of short-term risks to the outlook are ongoing pressure on foreign exchange supply, liquidation of Bank Equador, and continued weakness in the banking sector. In addition, the economy will remain vulnerable to global developments, including weak demand in the key European and emerging markets. The IMF staff recommends completion of the second review and the disbursement of an amount equivalent to SDR 634,285 under the ECF arrangement. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/385 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/385/002.2016.issue-385-en.xml IMF e-Library