Head of Government—Prime Minister Celestino Rocha da COSTA (since 8 January 1988)
Political parties and leaders: only party—Movement for the
Liberation of Sao Tome and Principe (MLSTP), Dr. Manuel Pinto da Costa
Suffrage: universal at age 18
Elections: President—last held 30 September 1985 (next to be held September 1990); results—President Dr. Manuel Pinto da Costa was reelected without opposition by the National People's Assembly;
National People's Assembly—last held 30 September 1985 (next to be held September 1990); results—MLSTP is the only party; seats—(40 total) MLSTP 40 (indirectly elected)
Member of: ACP, AfDB, FAO, G-77, GATT (de facto), IBRD, ICAO, IDA, IFAD,
IFC, ILO, IMF, ITU, NAM, OAU, UN, UNESCO, UPU, WHO, WMO
Diplomatic representation: Ambassador Joaquim Rafael BRANCO; Chancery (temporary) at 801 Second Avenue, Suite 1504, New York, NY 10017; telephone (212) 697-4211; US—the US Ambassador in Gabon is accredited to Sao Tome and Principe on a nonresident basis and makes periodic visits to the islands
Flag: three horizontal bands of green (top), yellow (double width), and green with two black five-pointed stars placed side by side in the center of the yellow band and a red isosceles triangle based on the hoist side; uses the popular pan-African colors of Ethiopia
- Economy Overview: The economy has remained dependent on cocoa since the gained independence nearly 15 years ago. Since then, however, cocoa production has gradually deteriorated because of drought and mismanagement, so that by 1987 output had fallen to less than 50% of its former levels. As a result, a shortage of cocoa for export has created a serious balance-of-payments problem. Production of less important crops, such as coffee, copra, and palm kernels, has also declined. The value of imports generally exceeds that of exports by a ratio of 4 to 1. The emphasis on cocoa production at the expense of other food crops has meant that Sao Tome has to import 90% of food needs. It also has to import all fuels and most manufactured goods. Over the years, Sao Tome has been unable to service its external debt, which amounts to roughly 80% of export earnings. Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. The government also implemented a Five-Year Plan covering 1986-90 to restructure the economy and reschedule external debt service payments in cooperation with the International Development Association and Western lenders.
GDP: $37.9 million, per capita $340; real growth rate 1.8% (1986)