Download or read book Democratic Republic of São Tomé and Princípe: Staff Report for the 2011 Article IV Consultation. written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-02-08 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: São Tomé & Príncipe remains at high risk of debt distress, although it has received substantial debt relief. The increases in world food and fuel prices have rekindled domestic inflation pressures. Inflation has declined substantially since 2008, but remains at double-digit levels. A tightening of fiscal and monetary policies in 2008 followed by a decline in world food and oil prices helped lower year-over-year inflation from a peak of 37 percent in July 2008 to 11.5 percent in June 2010.