Cape Verde: Staff Report for the 2005 Article IV Consultation, Sixth Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion
September 6, 2005
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The staff report for the 2005 Article IV Consultation for Cape Verde focuses on economic developments and fiscal policy. The fiscal deficit was lower than expected, and reserve accumulation exceeded the programmed level. Cape Verde appears well positioned to attract increasing external support, and there is also scope to mobilize greater domestic resources. In this regard, improvements in tax administration and rationalization of exemptions would enhance improvements to the revenue base that have come about with the new VAT.
Subject: Central banks, Expenditure, External debt, Public debt
Keywords: Arrears, Cape Verdean economy well, CR, discussion of Cape Verde, Europe, government disagreement, International reserves, ISCR, poverty reduction strategy paper, PRGF arrangement, regime, Sub-Saharan Africa
Pages:
76
Volume:
2005
DOI:
Issue:
320
Series:
Country Report No. 2005/320
Stock No:
1CPVEA2005005
ISBN:
9781451956153
ISSN:
1934-7685
