The main objective of this report is to contribute to the development of São Tomé and Príncipe’s financial sector and provide its Government and private stakeholders with a clear roadmap for reform in key policy areas, particularly regarding efforts to strengthening financial sector soundness, enhance financial inclusion, and upgrade existing financial infrastructure. The report includes a sequenced implementation plan designed to enable the authorities to implement critical financial sector reforms and interventions, designed to foster a more efficient, sound and inclusive financial sector in São Tomé and Príncipe based on a coherent policy framework.