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March 8, 2013
January 30, 2012
November 22, 2010
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 1 3
Consumer Prices 0.8 2.3
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Cabo Verde: Financial Position in the Fund

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Cabo Verde and the IMF
Updated October 11, 2014

Listed below are items related to Cabo Verde, in reverse chronological order (you can also view items by category).

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October 11, 2014 -- New IMFC Statement by Mr. Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 267Kb
September 25, 2014 -- Cabo Verde: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Cabo Verde
Series: Country Report No. 14/296
June 25, 2014 -- Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Cabo Verde
April 11, 2014 -- IMFC Statement by Mr. Guido Mantega, Minister of Finance of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 103Kb
January 28, 2014 -- Press Release: Statement at the Conclusion of an IMF Mission to Cabo Verde
October 12, 2013 -- IMFC Statement by the Honorable Alexandre Tombini, Governor, Central Bank of Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 227Kb
September 20, 2013 -- Cape Verde, Namibia, and Kingdom of Swaziland: Selected Issues Paper on the Challenges of Small Middle-Income Countries in Sub-Saharan Africa
Series: Country Report No. 13/292
June 07, 2013 -- Press Release: Statement at the Conclusion of an IMF Staff Visit to Cape Verde
April 23, 2013 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 20, 2013 -- IMFC Statement Guido Mantega, Minister of Finance, Brazil
On behalf of: Brazil, Cabo Verde, Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Democratic Republic of Timor-Leste, Trinidad and Tobago. PDF File Size: 142Kb
December 03, 2012 -- Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde
November 30, 2012 -- Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde
Author/Editor: Mu, Yibin
Series: Working Paper No. 12/280
February 03, 2012 -- Cape Verde: Second Review Under the Policy Support Instrument and Request for Waivers of Nonobservance of Assessment Criteria - Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde.
Series: Country Report No. 12/29
Notes: Also Available in Portuguese
January 30, 2012 -- Press Release: IMF Executive Board Completes Second and Final Review of Cape Verde's Performance under Policy Support Instrument
January 05, 2012 -- Cabo Verde -- Letter of Intent, January 05, 2012
PDF File Size: 402Kb
December 07, 2011 -- Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde
November 30, 2011 -- Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde
September 25, 2011 -- IMF Survey: Africa Faces 'Considerable Risks' From Global Downturn
African economies face considerable risks from a renewed global economic downturn, African finance ministers tell a Washington news briefing. They add that the continent’s economies are still on the recovery path from the previous global crisis and are in the process of restoring critical economic buffers.
September 24, 2011 -- Transcript of a Press Conference by African Finance Ministers During the 2011 Annual Meetings of the World Bank Group and International Monetary Fund
July 22, 2011 -- Press Release: IMF Executive Board Completes First Review Under Policy Support Instrument for Cape Verde
July 20, 2011 -- Cape Verde: First Review Under the Policy Support Instrument and Requests for Waivers of Nonobservance and Modification of Assessment Criteria - Staff Report; Supplement; and Press Release
Series: Country Report No. 11/254
Notes: Also Available in Portuguese
July 05, 2011 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, July 05, 2011
PDF File Size: 510Kb
May 31, 2011 -- Press Release: Statement at the Conclusion of an IMF mission to Cape Verde
December 21, 2010 -- Cape Verde: Poverty Reduction Strategy Paper-Progress Report
Series: Country Report No. 10/367
Notes: Also available in Portuguese
December 06, 2010 -- Cape Verde: 2010 Article IV Consultation and Request for a 15-Month Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 10/349
Notes: Also available in Portuguese
December 02, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
November 23, 2010 -- Press Release: IMF Executive Board Approves a 15-Month Policy Support Instrument for Cape Verde
November 09, 2010 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 09, 2010
PDF File Size: 406Kb
September 28, 2010 -- Press Release: Statement at the Conclusion of an IMF mission to Cape Verde
July 16, 2010 -- Cape Verde: Eight Review Under the Policy Support Instrument - Staff Report; Press Release.
Series: Country Report No. 10/218
Notes: Also available in Portuguese
July 08, 2010 -- Press Release: IMF Executive Board Completes Eighth Review of Cape Verde’s PSI
June 15, 2010 -- Cabo Verde -- Letter of Intent, June 15, 2010
Also available in Portuguese PDF File Size: 245Kb
May 25, 2010 -- Press Release: Statement at the Conclusion of an IMF mission to Cape Verde
December 18, 2009 -- Cape Verde: Seventh Review Under the Policy Support Instrument-Staff Report; Staff ;Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 09/328
December 08, 2009 -- Press Release: IMF Executive Board Completes Seventh Review Under the Policy Support Instrument for Cape Verde
November 13, 2009 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 13, 2009
PDF File Size: 525Kb
October 01, 2009 -- Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde
July 01, 2009 -- Introducing the Euro as Legal Tender - Benefits and Costs of Eurorization for Cape Verde
Author/Editor: Imam, Patrick A.
Series: Working Paper No. 09/146
June 30, 2009 -- Cape Verde: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension of the Policy Support Instrument - Staff Report; Press Release
Series: Country Report No. 09/198
June 19, 2009 -- Press Release: IMF Executive Board Completes Sixth Review Under the Policy Support Instrument for Cape Verde
May 29, 2009 -- Cabo Verde -- Letter of Intent and Technical Memorandum of Understanding, May 29, 2009
PDF File Size: 476Kb
April 14, 2009 -- Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde
April 03, 2009 -- Cape Verde: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 09/114
April 03, 2009 -- Cape Verde: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 09/115
January 16, 2009 -- Cape Verde: Fifth Review Under the Policy Support Instrument - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 09/14
December 22, 2008 -- Press Release: IMF Executive Board Completes Fifth Review Under the Policy Support Instrument for Cape Verde
November 26, 2008 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 26, 2008
PDF File Size: 471Kb
October 03, 2008 -- Statement at the Conclusion of an IMF Staff Mission to Cape Verde
July 24, 2008 -- Cape Verde: Poverty Reduction and Growth Strategy Paper - II
Series: Country Report No. 08/242
July 24, 2008 -- Cape Verde: Selected Issues
Series: Country Report No. 08/243
July 24, 2008 -- Cape Verde: Growth and Poverty Reduction Strategy Paper II (2008-11) Joint Staff Advisory Note
Series: Country Report No. 08/244
July 24, 2008 -- Cape Verde: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 08/248
July 02, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 30, 2008 -- Press Release: IMF Executive Board Completes Fourth Review Under the Policy Support Instrument for Cape Verde
June 09, 2008 -- Cabo Verde -- Letter of Intent and Technical Memorandum of Understanding, June 09, 2008
PDF File Size: 233Kb
April 12, 2008 -- IMFC Statement by His Excellency Paul Toungui, Minister of State, Minister of Economy, Finance, Budget, and Privatization, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Cabo Verde, Djibouti, Gabon, Guinea, Guinea-Bissau, Republic of Equatorial Guinea, Republic of Madagascar, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 181Kb
March 18, 2008 -- Press Release: Statement by an IMF Staff Mission at the Conclusion of a Visit to Cape Verde
January 28, 2008 -- Cape Verde : Third Review Under the Policy Support Instrument - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 08/37
December 21, 2007 -- Press Release: IMF Executive Board Completes Third Review Under the Policy Support Instrument for Cape Verde
November 29, 2007 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, Technical Memorandum of Understnading, November 29, 2007
PDF File Size: 261Kb
October 20, 2007 -- Transcript of a Press Conference by African Finance Ministers
June 26, 2007 -- Cape Verde: Second Review Under the Policy Support Instrument - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 07/223
May 08, 2007 -- Press Release: IMF Executive Board Completes Second Review Under the Policy Support Instrument for Cape Verde
March 16, 2007 -- Press Release: Statement by IMF Staff Mission to Cape Verde on Second Review of the Policy Support Instrument
February 01, 2007 -- Cape Verde: First Review Under the Policy Support Instrument - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 07/44
January 24, 2007 -- Press Release: IMF Executive Board Completes the First Review Under the Policy Support Instrument for Cape Verde
November 14, 2006 -- Press Release: Statement by IMF Mission to Cape Verde
September 25, 2006 -- Cape Verde: Statistical Appendix
Series: Country Report No. 06/331
September 25, 2006 -- Cape Verde: Poverty Reduction Strategy Paper - First Annual Progress Report
Series: Country Report No. 06/332
September 25, 2006 -- Cape Verde: Poverty Reduction Strategy Paper - First Annual Progress Report - Joint Staff Advisory Note
Series: Country Report No. 06/333
September 25, 2006 -- Cape Verde: 2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument - Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 06/334
August 24, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 01, 2006 -- Press Release: IMF Executive Board Approves a Three-Year Policy Support Instrument for Cape Verde
July 11, 2006 -- Cabo Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, July 11, 2006
PDF File Size: 422Kb
May 16, 2006 -- Press Release: Statement by IMF Staff Visit to Cape Verde
May 01, 2006 -- Determinants of Emigrant Deposits in Cape Verde
Author/Editor: Karpowicz, Izabela
Series: Working Paper No. 06/132
September 06, 2005 -- Cape Verde: Selected Issues and Statistical Appendix
Series: Country Report No. 05/319
September 06, 2005 -- Cape Verde: 2005 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion - Staff Report; Public Information Notice and Press Release on the Executive Board Discussion;
Series: Country Report No. 05/320
August 11, 2005 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 26, 2005 -- Press Release: IMF Executive Board Completes Sixth and Final Review Under Cape Verde's PRGF Arrangement and Approves US$1.9 Million Disbursement
April 22, 2005 -- Cape Verde: Poverty Reduction Strategy Paper
Series: Country Report No. 05/135
April 22, 2005 -- Cape Verde: Poverty Reduction Strategy Paper--Joint Staff Advisory Note
Series: Country Report No. 05/136
March 23, 2005 -- Press Release: Press Statement by IMF Staff Mission to Cape Verde
February 10, 2005 -- Cape Verde: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 05/46
February 01, 2005 -- Press Release: IMF Executive Board Completes Fifth Review Under Cape Verde's PRGF Arrangement and Approves US$1.9 Million Disbursement
January 13, 2005 -- Cabo Verde -- Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, January 13, 2005
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF. PDF File Size: 311Kb
September 23, 2004 -- Cape Verde: Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 04/302
September 23, 2004 -- Cape Verde: Joint Staff Assessment of the Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 04/303
September 23, 2004 -- Cape Verde: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 04/304
August 30, 2004 -- Press Release: IMF Completes Fourth Review Under Cape Verde's PRGF Arrangement and Approves US$2 Million Disbursement
July 23, 2004 -- Cape Verde -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, July 23, 2004
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
March 08, 2004 -- Press Release: Cape Verde Formally Begins Participation in the IMF's General Data Dissemination System
December 31, 2003 -- Cape Verde: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria--Staff Paper; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 03/402
December 19, 2003 -- Press Release: IMF Completes Third Review Under Cape Verde's PRGF Arrangement and Approves US$1.8 Million Disbursement
July 31, 2003 -- Cape Verde: Second Review Under the Poverty Reduction and Growth Facility Arrangement--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 03/229
July 22, 2003 -- Cape Verde: Joint Staff Assessment of the Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 03/217
June 26, 2003 -- Press Release: IMF Completes Second Review Under Cape Verde's PRGF Arrangement and Approves US$1.7 Million Disbursement
June 26, 2003 -- Cape Verde: Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 03/190
June 23, 2003 -- Cape Verde: 2002 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; Public Information Notice and News Brief; and Statement by the Executive Director for Cape Verde
Series: Country Report No. 03/152
June 13, 2003 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Cape Verde
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 13, 2003 -- Cape Verde: Statistical Appendix
Series: Country Report No. 03/153
June 09, 2003 -- Cape Verde -- Letter of Intent, Memorandum on Economic and Financial Policies, and Technical Memorandum of Understanding, June 9, 2003
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
December 16, 2002 -- News Brief: IMF Completes First Review Under Cape Verde's PRGF Arrangement and Approves US$1.65 Million Disbursement
December 06, 2002 -- Cape Verde -- Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, December 6, 2002
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
April 04, 2002 -- Press Release: IMF Approves In Principle Three-Year, US$11 Million PRGF Arrangement for Cape Verde
March 21, 2002 -- Joint Staff Assessment of the Interim Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 566Kb
March 11, 2002 -- Cape Verde Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 11, 2002
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
January 31, 2002 -- Cape Verde-Interim Poverty Reduction Strategy Paper--Table of Contents, January 31, 2002
Summarizes the current knowledge and assessment of a country's poverty situation, describes the existing poverty reduction strategy, identifies gaps in poverty data, diagnotics, and monitoring capacity, and lays out the process for addressing these gaps and producing a fully developed Poverty Reduction Strategy Paper in a participatory fashion.
October 03, 2001 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Cape Verde
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
October 03, 2001 -- Cape Verde: 2001 Article IV Consultation--Staff Report and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 01/174
October 03, 2001 -- Cape Verde: Statistical Appendix
Series: Country Report No. 01/175
October 03, 2001 -- Cape Verde: 2001 Article IV Consultation--Staff Report and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 01/174
October 03, 2001 -- Cape Verde: Statistical Appendix
Series: Country Report No. 01/175
September 05, 2001 -- Cape Verde Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 5, 2001
This memorandum describes the policies that Cape Verde is implementing in the framework of a staff-monitored program.
March 06, 2000 -- News Brief: IMF Completes Cape Verde Third Review Under the Stand-By Arrangement
February 22, 2000 -- Cape Verde Letter of Intent, February 22, 2000
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
PDF File Size: 14Kb
August 01, 1999 -- Foreign Exchange Queues, Informal Traders, and a Zero Premium in the Black Market - A Cape Verdean Puzzle
Author/Editor: Olters, Jan-Peter
Series: Working Paper No. 99/110
July 19, 1999 -- Cape Verde - Recent Economic Developments
Series: IMF Staff Country Report No. 99/58
June 14, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Cape Verde
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 26, 1999 -- Cape Verde Letter of Intent, April 26, 1999
This Letter of Intent of the government of Cape Verde describes the policies that Cape Verde intends to implement in the context of its request for financial support from the IMF.
May 29, 1998 -- Cape Verde Statistical Tables
Series: IMF Staff Country Report No. 98/31
March 10, 1998 -- Press Information Notice: IMF Concludes Article IV Consultation with Cape Verde
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
February 23, 1998 -- Press Release: IMF Approves Stand-By Credit for Cape Verde
October 15, 1996 -- Cape Verde--Recent Economic Developments
Series: IMF Staff Country Report No. 96/103
February 02, 1995 -- Cape Verde - Background Issues and Statistical Update
Series: IMF Staff Country Report No. 95/9
Notes: These background issues and statistical update on Cape Verde were prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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