Second Governance and Competitiveness Development Policy Operation

closed

The objective of the Second Governance and Competitiveness Development Policy Operation Project for Sao Tome and Principe is to assist the government to: (i) strengthen economic governance, with a focus on improving the transparency, monitoring and accountability of public and natural resources, improving the management and reporting of statistics, promoting fiscal stability, and strengthening public debt management; and (ii) support broad-based growth by improving the investment climate, with a focus on simplifying business regulations and reducing the cost of international trade, and by promoting economic diversification. The Bank will focus on the following areas: fiscal and debt management and performance; public expenditure and financial management; and the investment climate.