Cape Verde: Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
IMF Staff Country Reports, January 28, 2008
Source details
- Canonical URL
- Cape Verde: Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
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Bibliographic details
- Published: January 28, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809466.002
Summary of findings and performance
- Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI).
- Executive Directors appreciated the authorities' plan to:
- consolidate macroeconomic stability,
- improve public sector financial management and tax administration,
- strengthen regulation and supervision of the financial sector while reducing fiscal risks.
- They applauded the Bank of Cape Verde's (BCV) role in strengthening its framework for regulation and supervision.
- They stressed the need to strengthen the energy sector to enhance growth and poverty reduction.
- They welcomed the framework to combat money-laundering and financing of terrorism.
Policy recommendations and reform agenda
- Consolidate macroeconomic stability under the PSI.
- Improve public sector financial management (PFM) and tax administration.
- Strengthen regulation and supervision of the financial sector to reduce fiscal risks.
- Strengthen the energy sector to support growth and poverty reduction.
- Implement and maintain the framework to combat money-laundering and financing of terrorism.
Subject focus and keywords
- Subjects: External debt, Public debt, Public financial management (PFM).
- Keywords: Africa, authority, Cape Verde's PSI, CR, Debt sustainability, Debt sustainability analysis, energy sector development strategy, energy sector regulation, ISCR, net, PSI-supported program, reform agenda, regulation.
Content in this bundle
- CAPE VERDE — Third Review Under the Policy Support Instrument