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Public finances: AfDB grants $17.4 million to São Tomé and Príncipe

19/12/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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São Tomé and Príncipe received a $17.4 million grant from the Board of Directors of the African Development Bank Group.

The grant granted by the ADB aims to consolidate the national budget and improve public service delivery as part of the economic response to support public finance and energy sector reforms in the wake of several external shocks. Thus, as part of the program to strengthen fiscal sustainability and economic resilience (FSERP), the government will receive $10.7 million distributed evenly over the 2023 and 2024 fiscal years

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