Sao Tome and Principe Investment Climate Project

completed

The objective of the project is to support of the Government's strategic vision, leading to an increase in revenues from tourism and meaningfully improve the regulatory governance of Sao Tome and Principe. This will be achieved through the following components: Component I: Support the government's vision to address regulatory constratints - Enable simplified online visa issuance. - Analyze the regulations in urban planning and construction licensing. A special regulatory emphasis will be on preservation of natural resources and access to resources, such as energy. - Increase transparency in the business entry process and automatization of steps. - Support the process of codifying and simplifying registration of microbusinesses at the local level. Component II: Improve regulations fostering trade and enterprise growth - Trade Facilitation: A new single window for trade to be made operational with IFC support and ICFs assistance and provision of necessary inputs. This aims at an increase in trade volume, targeting specifically exports.