VOICED: 'Centre of the world' struggles in economic downturn

VOICED: 'Centre of the world' struggles in economic downturn

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Interactive Video

Business

10th Grade - University

Hard

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Sao Tome and Principe, known as the center of the world, faces economic challenges since its independence from Portugal in 1975. The country is heavily reliant on foreign aid and exports mainly cocoa, while importing most of its needs. The global recession has worsened the situation, leading to increased poverty and corruption. The new president, a former ruler, aims to reform the political landscape to foster dialogue and cooperation. Despite its natural beauty, the potential for tourism remains untapped, which could be a vital source of income for the nation.

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3 mins • 1 pt

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