Democratic Republic of So Tom and Prncipe - Debt Relief at the Completion Point Under the Heavily Indebted Poor Countries Initiative and Under the Multilateral Debt Relief Initiative (Electronic book text)

1. So Tom and Prncipe has a narrow production and export base. The country's exports, mostly cocoa, are modest; tourism, while growing, is still small. The large external current account deficit has been financed by official transfers, FDI, and oil signature bonuses. The incidence of poverty is high.