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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

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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.
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Series: Country Report No. 11/254
Subject(s): Economic indicators | Economic recovery | External debt | Financial sector | Labor markets | Performance criteria modifications | Policy Support Instrument | Staff Reports | Tax reforms
Notes: Also Available in Portuguese
    Published:   July 20, 2011        
    ISBN/ISSN:   9781462340569/1934-7685   Format:   Paper
    Stock No:   1CPVEA2011001   Pages:   50
    Price:   US$18.00        
    Published:   August 18, 2011        
            Format:   A web quality merged PDF
    Stock No:   1CPVPT2011001        
    Price:   US$18.00        
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