2nd Strengthening Growth & Fiscal Policy Development Policy Financing

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The development objective of Second Strengthening Growth and Fiscal Policy Development Policy Financing Project for Sao Tome and Principe is to help the government introduce growth enabling reforms in the financial sector, business environment, and infrastructure; generate fiscal resources and savings; and improve the quality of expenditures. The operation will mainly support the second and fourth axis of the government’s strategy: sustainable growth for Pillar A and shared development policies for Pillar B. The first pillar of this DPO supports GoSTP’s growth-enabling reforms. The second pillar supports policies aimed at generating fiscal resources and savings and improving the quality of public expenditure to address the country’s fiscal fragility and make growth more inclusive.