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

IMF Staff Country Reports, July 20, 2011

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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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Bibliographic details

• Published: July 20, 2011
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781462340569.002

Overview: economic outlook and program performance

• Cape Verde’s economic outlook and policy performance remain favorable.
• Risks to the program remain manageable.

Public Investment Program (PIP) and external debt

• The government should complete implementation of the Public Investment Program (PIP), while reducing external debt.

Fiscal policy: taxation and administration

• Executive Directors support efforts to rationalize and simplify the tax system and improve tax administration.

Monetary policy and financial conditions

• The tight stance of monetary policy is constraining the growth of private credit to stabilize foreign reserves.
• Subject tags include Central banks, External debt, Financial institutions, Money, Public debt.

Financial sector governance

• The new banking law is necessary.
• Finalizing the National Social Security Institute’s investment policy guidelines is necessary.
• Keywords include Cape Verde's PSI, capital expenditure, Commercial banks, CR, Credit, domestic borrowing, executive board's decision, Global, IMF's framework, International reserves, ISCR, state.

Labor market and structural reform

• Enhancing labor market flexibility will support the government’s transformation agenda.

Publication and metadata

• Publication date: July 20, 2011
• Pages: 50
• Volume: 2011
• Issue: 254
• Series: Country Report No. 2011/254
• DOI: https://doi.org/10.5089/9781462340569.002
• Stock No: 1CPVEA2011001
• ISBN: 9781462340569
• ISSN: 1934-7685

IMF Staff Country Reports — 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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