Country name: conventional long form: Democratic Republic of Sao Tome and Principe conventional short form: Sao Tome and Principe local long form: Republica Democratica de Sao Tome e Principe local short form: Sao Tome e Principe
Data code: TP
Government type: republic
Capital: Sao Tome
Independence: 12 July 1975 (from Portugal)
Legal system: based on Portuguese legal system and customary law; has not accepted compulsory ICJ jurisdiction
Suffrage: 18 years of age; universal
Diplomatic representation in the US: Sao Tome and Principe does not have an embassy in the US, but does have a Permanent Mission to the UN, headed by First Secretary Domingos Augusto FERREIRA, located at 122 East 42nd Street, Suite 1604, New York, NY 10168, telephone [1] (212) 317-0533
Diplomatic representation from the US: the US does not have an embassy in Sao Tome and Principe; the Ambassador to Gabon is accredited to Sao Tome and Principe on a nonresident basis and makes periodic visits to the islands
Economy
Economy - overview: This small poor island economy has become increasingly dependent on cocoa since independence 25 years ago. However, cocoa production has substantially declined because of drought and mismanagement. The resulting shortage of cocoa for export has created a persistent balance-of-payments problem. Sao Tome has to import all fuels, most manufactured goods, consumer goods, and a significant amount of food. Over the years, it has been unable to service its external debt and has had to depend on concessional aid and debt rescheduling. Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. The government also has attempted to reduce price controls and subsidies, but economic growth has remained sluggish. Sao Tome is also optimistic that significant petroleum discoveries are forthcoming in its territorial waters in the oil-rich waters of the Gulf of Guinea. Corruption scandals continue to weaken the economy.
Airports - with paved runways: total: 2 1,524 to 2,437 m: 1 914 to 1,523 m: 1 (1999 est.)
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