Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

IMF Staff Country Reports, April 18, 2018

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Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

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Bibliographic details

• Published: April 18, 2018
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484352267.002

Key findings: economic recovery and growth outlook

• The economic recovery in Cabo Verde "is gaining momentum," reflecting a more favorable external environment and the payoff of ongoing economic reforms.
• In 2017, the economy is estimated to have expanded by 4 percent, supported by the "double digit-growth in tourist arrivals," the recovery in credit to the private sector, and stronger consumer and business confidence.
• These factors are expected to boost growth further to 4.3 percent in 2018.
• Over the medium term, real GDP growth is projected to stabilize at about 4 percent.

Financial sector and stability

• Financial stability indicators have improved.
• The level of nonperforming loans remains elevated.

Analytical focus and subject coverage

• Credit
• Debt sustainability analysis
• External debt
• Fiscal consolidation
• Fiscal policy
• Money
• Public debt
• Revenue administration

Keywords and thematic emphasis

• Cabo Verde's economy
• Cabo Verdean authorities
• CR
• Credit
• debt
• debt ratio
• Europe
• Fiscal consolidation
• Global
• ISCR
• stance of the Banco de Cabo Verde
• Sub-Saharan Africa
• transmission mechanism
• water utility company Electra

International Monetary Fund. Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde (April 18, 2018).

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• Country Report
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  • Country Report (PDF)