Cape Verde: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension of the Policy Support Instrument: Staff Report; Press Release
IMF Staff Country Reports, June 30, 2009
Source details
- Canonical URL
- Cape Verde: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension of the Policy Support Instrument: Staff Report; Press Release
Other formats
Bibliographic details
- Published: June 30, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809541.002
Key findings and program performance
- Policy implementation under the PSI-supported program continues to be strong.
- All PSIs quantitative targets except for one at end-December 2008 were met.
- IMF staff recommends completion of the sixth PSI review.
- IMF staff recommends granting of the waiver on the nonobservance of the assessment criterion on net domestic assets of the Bank of Cape Verde.
Macroeconomic outlook and projections
- In 2009, real GDP growth is expected to decelerate as external demand and private sector growth weakens.
Policy recommendations and actions
- Complete the sixth PSI review.
- Grant a waiver for the nonobservance of the assessment criterion on net domestic assets of the Bank of Cape Verde.
Subject coverage and keywords (as presented)
- Subjects: Central banks, Economic and financial statistics, External debt, Money, Public debt.
- Keywords: Africa, Cape Verde's PSI, CR, Credit, executive board of the international, executive board's decision, Global, Government finance statistics, IMF staff estimate, IMF's framework, International reserves, ISCR, PSI-supported program.
IMF Staff Country Report: "Cape Verde: Sixth Review Under the Policy Support Instrument and Request for a One-Year Extension of the Policy Support Instrument: Staff Report; Press Release", June 30, 2009.