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IMF pacts top priority for new finance minister

    ABIDJAN

    Sao Tome and Principe's new planning and finance minister, Adelino Castelo David, said yesterday that his top priorities would include implementing agreements with the World Bank and the International Monetary Fund, according to Lusa.

    The island nation hopes to begin renegotiating its foreign debt of some US $300 million with the two institutions in June, Lusa reported today.

    David was sworn in yesterday. He replaces Afonso Varela, who resigned for "personal reasons" in the wake of a treasury bill scandal he had been appointed to investigate.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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