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Public and Natural Resource Management Development Policy Supplemental Grant

Abstract*

The supplemental financing grant will assist the authorities in pursuing the original objectives of the Public and Natural Resource Management Development Policy Grant Project (PNRMD) for Sao Tome and Principe is to help implement the Government's economic reform program during 2008-2009 that is based on the country~^!!^s poverty reduction strategic paper (PRSP) by supporting policy measures aimed at: (i) improving accountability, effectiveness and...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The rise of international food and fuel prices in 2008,and the economic/financial downturn have had a severe negative impact on STP's balance of payments, inflation, fiscal deficit and poverty rates. The authorities have been able to continue the reforms agreed on the Public and Natural Resource Management Development Policy Grant (PNRMD) and keep a relatively stable macroeconomic framework thanks to donor's support and the partial sell of ENCO, the petroleum distribution company. In 2009, STP's Government has decided to take a proactive approach and implement a large public investment program to develop domestic agriculture and improve food security. However, the reform program remains underfunded and indications are that there could be a continued deterioration on food security and macroeconomic stability in a growing uncertain international economic environment. The proposed supplemental financing operation to the PNRMD will fulfill the financial gap of the 2009 Budget, sustain food crop production and food security and help to keep the overall reform program in a stable macroeconomic environment.

Key Details

Project Details

  • P116178

  • Closed

  • Marco Hernandez Ore

  • N/A

  • Sao Tome and Principe

  • March 25, 2009

  • (as of board presentation)

    August 7, 2009

  • N/A

  • US$ 2.00 million

  • N/A

  • Not Applicable

  • January 21, 2010

  • BANK APPROVED

  • P106468

  • August 22, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 2.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 2.00
IBRD + IDA Commitment 2.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 2.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.