São Tomé and Príncipe (Vol 4, 2007)
in Africa Yearbook OnlineSearch for other papers by Gerhard Seibert in
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(2,644 words)
Debt relief by IMF, World Bank and the Paris Club did not result in immediate economic recovery. On the contrary, a shortage of food imports and consequent skyrocketing consumer prices provoked widespread dissatisfaction with the government. Both the opposition parties and President Menezes accused Prime Minister Vera Cruz and his ministers of being incapable of solving the problems. A revolt by the Rapid Intervention Police (PIR) in October further weakened the position of the prime minister, who was finally forced to reshuffle his cabinet. The economy continued to be marked by declining production and exports, while the existence of the country's commercially exploitable offshore oil reserves remained to be confirmed.
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São Tomé and Príncipe (Vol 4, 2007)
in Africa Yearbook OnlineSearch for other papers by Gerhard Seibert in
Current site
Google Scholar
(2,644 words)