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
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This paper discusses key findings of the Sixth Review under the Policy Support Instrument (PSI) for Cape Verde. Policy implementation under the PSI-supported program continues to be strong; all PSIs quantitative targets except for one at end-December 2008 were met. In 2009, real GDP growth is expected to decelerate as external demand and private sector growth weakens. IMF staff recommends completion of the sixth PSI review and granting of the waiver on the nonobservance of the assessment criterion on net domestic assets of the Bank of Cape Verde.
Subject: 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
Pages:
50
Volume:
2009
DOI:
Issue:
198
Series:
Country Report No. 2009/198
Stock No:
1CPVEA2009004
ISBN:
9781451809541
ISSN:
1934-7685
