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and approved by the president election results: Miguel TROVOADA reelected president in Sao Tome's second multiparty presidential election; percent of vote--Miguel TROVOADA 52.74%, Manuel Pinto da COSTA 47.26% Legislative branch: unicameral National Assembly or Assembleia Nacional (55 seats; members are elected by direct popular vote to serve five-year terms) elections: last held 8 November 1998 (next to be held NA 2003) election results: percent of vote by party--MLSTP-PSD 56%, PCD 14.5%%, ADI 29%; seats by party--MLSTP-PSD 31, ADI 16, PCD 8 Judicial branch: Supreme Court, judges are appointed by the National Assembly Political parties and leaders: Party for Democratic Convergence Liberation of Sao Tome and Principe-Social Democratic Party or other small parties International organization participation: ACCT, ACP, AfDB, CCC, CEEAC, ECA, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFRCS, ILO, IMF, IMO, Intelsat (nonsignatory user), Interpol, IOC, IOM (observer), ITU, NAM, OAU, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WToO, WTrO (applicant) Diplomatic representation in the US: Sao Tome and Principe does not have an embassy in the US, but does have a Permanent Mission to the UN, headed by First Secretary Domingos AUGUSTO Ferreira, located at 122 East 42nd Street, Suite 1604, New York, NY 10168, telephone Diplomatic representation from the US: the US does not have an embassy in Sao Tome and Principe; the Ambassador to Gabon is accredited to Sao Tome and Principe on a nonresident basis and makes periodic visits to the islands Flag description: three horizontal bands of green (top), yellow (double width), and green with two black five-pointed stars placed side by side in the center of the yellow band and a red isosceles triangle based on the hoist side; uses the popular pan-African colors of Ethiopia Economy Economy--overview: This small poor island economy has become increasingly dependent on cocoa since independence over 20 years ago. However, cocoa production has substantially declined because of drought and mismanagement. The resulting shortage of cocoa for export has created a persistent balance-of-payments problem. Sao Tome has to import all fuels, most manufactured goods, consumer goods, and a significant amount of food. Over the years, it has been unable to service its external debt and has had to depend on concessi
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