Cape Verde: Second Review Under the Poverty Reduction and Growth Facility Arrangement
July 31, 2003
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Executive Directors commend the government for their continued commitment to restore macroeconomic stability and implement structural reforms to establish the foundation for high rates of economic growth and poverty reduction. The medium-term economic strategy is appropriate. The risks to the program are acceptable. The implementation of the value-added tax and the new customs tariffs have been subject to repeated delays. The measures to stem the losses of wholly state-owned public enterprises have been commended. Cape Verde's statistical system remains weak, but is improving.
Subject: Central banks, External debt, Money, Poverty
Keywords: Africa, Arrears, authority, broad money growth, CR, Credit, end-period basis, Global, International reserves, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, staff appraisal
Pages:
73
Volume:
2003
DOI:
Issue:
229
Series:
Country Report No. 2003/229
Stock No:
1CPVEA0052003
ISBN:
9781451809350
ISSN:
1934-7685
