IMF Staff Country Reports

Cape Verde: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

Publication Date:

September 23, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses Cape Verde’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. Economic performance in 2003 was better than programmed in many respects: real GDP growth was higher, inflation was lower, the fiscal and external current account deficits were smaller, and the terms of trade were stronger. Stronger economic growth reflected the continued rapid growth in tourism and a rebound in agriculture following drought conditions in 2002.

Series:

Country Report No. 2004/304

Subject:

Central Banks Expenditure External debt Money Poverty