Debt Management Performance Assessment : Sao Tome and Principe

During February 2-14, 2008 a World Bank team comprised of Per-Olof Jonsson and Frederico Gil Sander traveled to Sao Tome e Príncipe to undertake an assessment of the government's debt management capacity and institutions using the Debt Management Performance Assessment Tool (DeMPA). The DeMPA is a methodology for assessing government debt management (DeM) performance through a comprehensive set of indicators spanning the full range of DeM functions. The assessment reveals that despite notable progress since the inception of the debt office in 2004, overall Sao Tome Príncipe meets the minimum requirements set out by the DeMPA only in the fields of evaluation of debt management operations and coordination with monetary policy. The Government does not meet the minimum requirements in the other indicators. The gap between existing practices and the minimum requirements is narrow in some areas. Among the areas for improvement where greater effort is required to reach good practices, the mission identified the legal framework and the managerial structures as key priorities in a reform program.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2008-02
Subjects:	ACTIVE DEBT, AMORTIZATIONS, APPROVAL OF LOANS, ARREARS, AUCTIONS, AUDITING, AUDITORS, AUDITS, BANK ACCOUNT, BANK ACCOUNTS, BANK BORROWING, BANK CREDITS, BANK LOANS, BANKING SECTOR, BENEFICIARIES, BILATERAL DEBT, BILATERAL DONORS, BORROWING PLAN, BUDGET DEFICIT, BUDGET EXPENDITURES, BUDGETARY FRAMEWORK, CAPACITY BUILDING, CAPITAL EXPENDITURE, CASH BALANCE, CASH BALANCES, CASH FLOW, CASH MANAGEMENT, CENTRAL BANK, CENTRAL GOVERNMENT DEBT, CERTIFICATES OF DEPOSIT, COMMERCIAL BANKS, CONTINGENT LIABILITIES, CREDIT LINE, CREDITOR, CREDITORS, CS, CURRENCY, CURRENCY COMPOSITION, DEBT DATA, DEBT DATA RECORDING, DEBT DATABASE, DEBT DISBURSEMENTS, DEBT INFORMATION, DEBT MANAGEMENT, DEBT MANAGEMENT ACTIVITIES, DEBT MANAGEMENT ACTIVITY, DEBT MANAGEMENT CAPACITY, DEBT MANAGEMENT OFFICE, DEBT MANAGEMENT OPERATIONS, DEBT MANAGEMENT STRATEGY, DEBT MANAGEMENT SYSTEM, DEBT OFFICE, DEBT POLICIES, DEBT RATIOS, DEBT RECORDING, DEBT RELIEF, DEBT REPORTING, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT SERVICING, DEBT STOCK, DEBT STOCKS, DEBT STRATEGY, DEBT SUSTAINABILITY, DEBT SUSTAINABILITY ANALYSES, DEBT SUSTAINABILITY ANALYSIS, DEBT TRANSACTIONS, DERIVATIVE, DERIVATIVE TRANSACTIONS, DERIVATIVES, DEVELOPMENT BANK, DISASTER RECOVERY, DISBURSEMENT, DISBURSEMENTS, DOMESTIC BORROWING, DOMESTIC BORROWINGS, DOMESTIC CREDIT, DOMESTIC CURRENCY, DOMESTIC DEBT, DOMESTIC MARKET, DOMESTIC MARKETS, DOMESTIC SECURITIES, EVOLUTION OF DEBT, EXPENDITURE, EXPENDITURES, EXTERNAL BORROWING, EXTERNAL BORROWINGS, EXTERNAL DEBT, EXTERNAL FINANCING, EXTERNAL INDEBTEDNESS, EXTERNAL LOANS, FINANCIAL ACCOUNTS, FINANCIAL INFRASTRUCTURE, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCING NEEDS, FIRST LOAN, FISCAL POLICY, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE TRANSACTIONS, FOREIGN LOAN, FOREIGN MARKETS, FUTURE CASH FLOWS, GOVERNMENT BANK, GOVERNMENT BORROWING, GOVERNMENT BORROWINGS, GOVERNMENT DEBT, GOVERNMENT GUARANTEE, GOVERNMENT GUARANTEES, GOVERNMENT SECURITIES, GOVERNMENT SECURITIES MARKET, HUMAN RESOURCE, HUMAN RESOURCE MANAGEMENT, INFLATION, INFORMATION SHARING, INFORMATION SYSTEM, INSTRUMENT, INTEREST PAYMENTS, INTEREST RATE, INTERNAL AUDIT, ISSUANCE, ISSUANCE OF GUARANTEES, JOB TRAINING, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGISLATION, LENDER, LIQUIDITY, LOAN, LOAN AGREEMENT, LOAN CONTRACTS, LOAN DISBURSEMENTS, LOAN GUARANTEES, LOCAL CURRENCY, MACROECONOMIC POLICIES, MANDATES, MARKET INTEREST RATE, MATURITIES, MATURITY, MONETARY POLICY, MUNICIPALITIES, OPERATIONAL RISK, OUTSTANDING DEBT, OUTSTANDING LOAN, PAYMENT OF DEBT, PAYMENT ORDER, PAYMENT ORDERS, PAYMENT SYSTEM, PENSION, PENSION SYSTEM, PRIVATIZATION, PUBLIC DEBT, PUBLIC ENTERPRISES, PUBLIC EXTERNAL DEBT, PUBLIC FINANCE, PUBLIC SECTOR DEBT, PUBLIC SERVICES, RECEIPT, RECONCILIATION WITH CREDITOR, REGISTRY SYSTEM, REPAYMENT, RESOURCE MANAGEMENT, RETURN, REVENUE SOURCES, RISK MANAGEMENT, SECURITIES MARKET, SOURCE OF FUNDS, STOCKS, SUBSTANTIAL DEBT, SUBSTANTIAL DEBT RELIEF, T-BILLS, T-BONDS, TECHNICAL ASSISTANCE, TERM CREDITS, TOTAL DEBT, TRAINING COURSES, TREASURY, TREASURY BILL, TREASURY BILLS, USE OF DERIVATIVES,
Online Access:	http://documents.worldbank.org/curated/en/2008/02/10687791/sao-tome-principe-debt-management-performance-assessment-dempa https://hdl.handle.net/10986/16235
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