Third COVID-19 Recovery and Resilience Development Policy Financing

The development objective of the Third COVID-19 Recovery and Resilience Development Policy Financing for São Tomé and Príncipe (STP) is to support the government’s response to the human and economic impact of the COVID-19 pandemic and economy-wide and sectoral reforms for a stronger recovery. The programmatic series is organized around two pillars. Pillar 1 has the objective of mitigating the impacts of the COVID-19 crisis on lives and livelihoods and strengthening investment in human capital. Pillar 2 has the objective of mitigating the impact of the COVID-19 crisis on businesses and jobs and laying the foundations for sustainable economic growth. Furthermore, this operation is aligned with Government of STP (GoSTP’s) climate change mitigation and adaptation objectives and will directly support STP’s resilience to climate change related disasters and other shocks, including future pandemics.