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São Tome and Principe - Completion Point Document HIPC Initiative
On March 15, 2007, the Democratic Republic of Sao Tome and Principe (STP) became the 18 th regional member country (RMC) to reach completion point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved a HIPC assistance of US$ 99.2 million in end-1999 NPV terms for Sao Tome and Principe. They also provided STP with a topping-up assi stance of US$ 25.0 million in end-2005 NPV terms.