02056cas a2200241 a 4500 AALejournalIMF018137 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484333266 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Democratic Republic of Sao Tome and Principe : Third and Fourth Reviews under the Extended Credit Facility Arrangement, Extension of the Arrangement, 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, 2017. 1 online resource (96 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 Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Extension of the Arrangement, And Modification of Performance Criteria (PCs). Program implementation is broadly back on track. After missing the end-2016 fiscal targets by large margins, the government adopted corrective measures and met all five end-June 2017 PCs. The implementation of structural reforms under the program is progressing, albeit at a much slower pace than anticipated due mainly to capacity constraints and delays in the delivery of technical assistance. The IMF staff recommends the completion of the joint third and fourth reviews, approval of the extension to end-2018, and rephasing of the program. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/382 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/382/002.2017.issue-382-en.xml IMF e-Library