STP Fiscal Sustainability, Energy Access and Digital Connectivity DPO (WB-P508911)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Sao Tome and Principe
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 7, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Sao Tome and Principe
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Energy
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 14, 2026

Disclosed by Bank Feb 10, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the World Bank, the development objective of the Fiscal Sustainability, Energy Access and Digital Connectivity Development Policy Operation for Sao Tome and Principe is to foster inclusive economic growth and resilience by supporting the Government of Sao Tome and Principe in strengthening SOEs and their oversight and improving fiscal transparency, as well as strengthening energy supply and improving digital connectivity, in support of the implementation of the ENDS 2026-2040 and fully consistent with the World Bank's CPF for STP (FY24-FY29), which sets out two high-level outcomes increasing resilience and creating more and better jobs, and identifies five binding constraints to growth and shared prosperity: a costly and inefficient electricity sector, isolation and low connectivity, weak institutional capacity, low human capital, and a small private sector.

Building on and complementing a comprehensive portfolio of World Bank-financed projects and analytical work, the DPO is aligned with the WBG's goals of ending extreme poverty and boosting shared prosperity on a livable planet, complies with the Maximizing Finance for Development (MFD) approach, and contributes towards the Private Capital Enabled (PCE) corporate scorecard indicator, with two pillars: Pillar 1 on strengthening SOEs and their oversight and improving fiscal transparency, and Pillar 2 on strengthening energy supply and improving digital connectivity. The operation is further aligned with the goals of the Paris Agreement, supporting STP's climate objectives as set out in its 2021 Nationally Determined Contribution, targeting emissions reductions through renewable energy and efficiency, and energy strategies to reduce diesel dependence and increase the share of renewables by 2030.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leaders:

Benedicte Baduel - Senior Country Economist
Nelson Tisso Miezi Eduardo - Senior Economist
Victor Steenbergen - Senior Economist

No contacts provided at the time of disclosure.

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works