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

Author/Editor:

International Monetary Fund

Publication Date:

July 20, 2011

Electronic Access:

Free Full text (PDF file size is 985 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Cape Verde’s economic outlook and policy performance remain favorable. The government should complete implementation of the Public Investment Program (PIP), while reducing external debt. Executive Directors support efforts to rationalize and simplify the tax system and improve tax administration. The tight stance of monetary policy is constraining the growth of private credit to stabilize foreign reserves. The new banking law and finalizing the National Social Security Institute’s investment policy guidelines are necessary. Enhancing labor market flexibility will support the government’s transformation agenda. Risks to the program remain manageable.

Series:

Country Report No. 11/254

Notes:

Also Available in Portuguese

English

Publication Date:

July 20, 2011

ISBN/ISSN:

9781462340569/1934-7685

Stock No:

1CPVEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

50

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