São Tomé is at risk due to over-indebtedness in relation mainly to bilateral creditors such as Angola, Brazil and Equatorial Guinea. Debt service arrears to these creditors represent more than 2.6% of GDP, ie more than USD 11 million. Angola is owed c. of USD 5 million in arrears, Brazil USD 4.5 million and Equatorial Guinea close to USD 2 million. READ MORE