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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.

Published: February 3, 2012
Electronic Access: Free Full Text (PDF file size is 974KB)
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Summary: Cape Verde’s authorities have tightened fiscal and monetary stances and have significantly reduced the gaps with program targets. Tax revenues held up well, but there were shortfalls in nontax revenue in addition to capital transfers. The spending execution was held below the budget. The authorities need to scale back the fiscal deficit in 2012 and in the medium term to ensure a sustainable fiscal position. Net domestic financing of the central government should decline to avoid crowding out private sector credit and lessen pressure on the balance of payments.
 
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Series: Country Report No. 12/29
Subject(s): Debt sustainability analysis | Economic indicators | Fiscal reforms | Performance criteria waivers | Policy Support Instrument | Staff Reports
Notes: Also Available in Portuguese
 
English  
    Published:   February 3, 2012        
    ISBN/ISSN:   9781463935788/1934-7685   Format:   Paper
    Stock No:   1CPVEA2012001   Pages:   58
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.