ovation Party [Armindo GRACA]; Force for Change
Democratic Movement or MDFM; Independent Democratic Action or ADI
[Carlos NEVES]; Movement for the Liberation of Sao Tome and
Principe-Social Democratic Party or MLSTP-PSD [Manuel Pinto Da
COSTA]; Party for Democratic Convergence or PCD [Aldo BANDEIRA];
Ue-Kedadji coalition; other small parties

Political pressure groups and leaders:
NA

International organization participation:
ACCT, ACP, AfDB, AU, FAO, G-77, IBRD, ICAO, ICCt (signatory), ICRM,
IDA, IFAD, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), IPU,
ITU, ITUC, NAM, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU,
WCL, WHO, WIPO, WMO, WTO (observer)

Diplomatic representation in the US:
chief of mission: First Secretary Domingos Augusto FERREIRA
chancery: 400 Park Avenue, 7th Floor, New York, NY 10022
telephone: [1] (212) 317-0580
FAX: [1] (212) 935-7348
consulate(s): Atlanta

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

Flag description:
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 Sao Tome and Principe

Economy - overview:
This small, poor island economy has become increasingly dependent
on cocoa since independence in 1975. Cocoa production has
substantially declined in recent years because of drought and
mismanagement, but strengthening prices helped boost export earnings
in 2003. Sao Tome has to import all fuels, most manufactured goods,
consumer goods, and a substantial amount of food. Over the years, it
has had difficulty servicing its external debt and has relied
heavily on concessional aid and debt rescheduling. Sao Tome
benefited from $200 million in debt relief in December 2000 under
the Highly Indebted Poor Countries (HIPC) program, which helped
bring down the country's $300 million debt burden. In August 2005,
Sao Tome signed on to a new 3-year IMF Poverty Reduction and Growth
Facility (PRGF) program worth $4.3 million. Considerable potential
exists for development of a tourist industry, and the government has
t