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Highlights – Board Meeting of 6 June 2018
Board members thanked Management for incorporating CODE members’ comments and commended the choice of the two pillars of accelerating industrialization and reducing unemployment, as well as the focus on the private sector. They reiterated the importance of translating into Portuguese all Bank documents and procedures. They also acknowledged that the level of commitment was not as high as expected and welcomed Management's proposal to organise a seminar in July to discuss how best to support small island countries. Finally, they requested Management to ensure that solutions were found to the generic problems encountered in the implementation of the CSPs, particularly with regard to implementation timelines and project monitoring. At the end of its deliberations, the Board approved the Sao Tome and Principe: Combined Country Strategy Paper 2018-2022 and Country Portfolio Performance Review (CPPR).