The defense (2009) is based on a form of general military duty. after the coups in 1995 and 2003 weak and without operative ability. It is organized into smaller army and naval units as well as a presidential guard. The majority consists of mobilizable police forces. Defense costs in 2007 were 0.8% of GDP. To see related acronyms about this country, please check ABBREVIATIONFINDER where you can see that STP stands for Sao Tome and Principe.
The November 1998 elections marked MLSTP’s return to power. Guilherme Posser da Costa, who had been foreign minister in January 1999, was appointed prime minister. At his deployment, Costa then declared that his center-left government had to implement an “economic savings package” while at the same time reactivating the economy through the exploitation of the country’s oil sources and agricultural development. In December 2000, the state employees in the country carried out a strike demanding payment of several months’ missing wages, as well as wage increases to offset inflation.
In July 2001, wealthy cocoa exporter Fradique de Menezes won the presidential election by 56.31% of the vote, but at the parliamentary elections the following year, MLSTP won a comfortable majority in the National Assembly. In April 2002, therefore, Gabriel Costa was appointed Prime Minister of a coalition government between MLSTP and MDFM/MPCD.
Menezes was re-elected president in April 2003 and in July Maria Das Neves was appointed prime minister. While Menezes visited Nigeria the same month, the military conducted a coup, arrested key government politicians and deployed a “junta to save the nation”. 9 days later, the dome leaders accepted the demands of the international brokers and again surrendered power to the president. The agreement included amnesty for the coup makers, the establishment of a new government and the conduct of new elections.
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In September 2003, Menezes began a complete cleansing of the armed forces and openly criticized the army for not protecting democracy during the coup d’etat.
In February 2004, Parliament decided to liberalize the telecommunications market from December 2005. The government sets out the framework within which the telecommunications market will be allowed to develop.
In May, the country received a loan of DKK 6½m. US $ from the World Bank to fund basic programs in education and health before facing new challenges in relation to the country. oil production. The funds will also be used for programs for the most vulnerable sectors and promote cooperation between the public sector, civil society and municipal autonomy.
In July, Menezes signed an agreement with its Nigerian counterpart, Olusegun Obasanjo, for exploration and extraction of São Tomé’s oil deposits. The two heads of state met in the Nigerian oil industry center, Rivers State, where they signed an agreement to promote oil extraction in the region, with the hope that the agreement will be a model for the cooperation between the African nations.