Press Release: IMF Staff Concludes Visit to Cabo Verde

June 9, 2016

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

Press Release No. 16/272
June 9, 2016

An International Monetary Fund (IMF) mission, led by Mr. Ulrich Jacoby, visited Cabo Verde from June 7–9, 2016, to hold introductory discussions with the new government which came into office in late April 2016. At the end of the visit, Mr. Jacoby issued the following statement:

“Discussions centered around economic developments, the economic outlook for Cabo Verde, economic challenges and the government’s policy priorities going forward. We also discussed the budget outline for 2016, as well as the preliminary considerations for the broad parameters of the medium-term economic and fiscal outlook. Further discussions will be held during a mission tentatively planned for early Fall 2016 to hold discussions on the Article IV consultation which has been delayed from last year.

“The mission met with Prime Minister Ulisses Correia e Silva, Minister of Finance Olavo Correia, Central Bank Governor Joao Serra, other government officials, development partners, and the private sector.

“The mission thanks the authorities for their openness, excellent cooperation and cordial hospitality, and looks forward to close cooperation in the period ahead.”


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