Cape verde: Third Review Under the Three-year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria
December 31, 2003
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The performance criteria have not been met, but Executive Directors commend the government for taking corrective actions and for their commitment to maintain the pace of structural reforms. The government is urged to prepare a quality poverty reduction strategy paper as quickly as possible. Progress has been made in preparing to implement the value-added tax and the new customs tariffs. The government’s strong track record of pursuing prudent fiscal and monetary policies while redirecting public expenditures toward key social services is commended.
Subject: Central banks, Expenditure, External debt, Money, Poverty
Keywords: Africa, cape Verdean authorities, CR, development partner, government, government accountability, International reserves, ISCR, Monetary base, Poverty reduction strategy, PRGF arrangement, PRGF loan
Pages:
64
Volume:
2003
DOI:
Issue:
402
Series:
Country Report No. 2003/402
Stock No:
1CPVEA0062003
ISBN:
9781451809367
ISSN:
1934-7685
