Cape Verde : Background Issues and Statistical Update

Author/Editor:

International Monetary Fund

Publication Date:

February 2, 1995

Summary:

This Background Issues paper analyzes the financial sector reform in Cape Verde. The paper highlights that monetary policy in Cape Verde is conducted within the framework of a simple financial program elaborated annually by the Bank of Cape Verde (BCV) on the basis of conservative projections of the demand for broad money and an international reserves target. Credit to the government is statutorily limited to 10 percent of the previous year’s revenue collections. In implementing monetary policy, the BCV relies primarily on bank-specific annual credit ceilings, which are derived from its financial program.

Series:

Country Report No. 95/9

Subject(s):

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.

English

Publication Date:

February 2, 1995

ISBN/ISSN:

9781451809220/1934-7685

Stock No:

1CPVEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

78

Please address any questions about this title to publications@imf.org