Cabo Verde: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde
IMF Staff Country Reports, July 31, 2019
Source details
- Canonical URL
- Cabo Verde: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde
Other formats
Bibliographic details
- Published: July 31, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513509402.002
Program objectives and scope
- Discusses Cabo Verde’s 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument (PCI).
- The PCI aims at bolstering macroeconomic stability through fiscal consolidation and growth-enhancing reforms to support medium-term fiscal and debt sustainability.
- Policy discussions and the PCI-supported program focused on:
- achieving medium-term fiscal and debt sustainability;
- modernizing the monetary policy framework and continuing to build precautionary reserves;
- bolstering the financial system resilience;
- restructuring lossmaking State-Owned Enterprises;
- advancing structural reforms to support private sector-led growth.
Medium-term outlook and risks
- The medium-term outlook is positive although risks are tilted to the downside.
- Economic growth is projected to remain robust.
- The fiscal and external positions are expected to improve further, underpinned by growth and programmed structural reforms.
Thematic coverage and subject areas
- Subject: Debt sustainability, Debt sustainability analysis, External debt, Macrostructural analysis, Public debt, Structural reforms
- Keywords: Africa; broad money; Cabo Verde's economy; Cabo Verde's risk; CR; debt; Debt sustainability; Debt sustainability analysis; Europe; Global; inflation development; ISCR; macroeconomic situation; monetary policy transmission mechanism; North America; outlook; risk of debt distress; South America; Structural reforms; transmission mechanism
Publication facts and key metadata
- Publication date: July 31, 2019
- Pages: 104
- Volume: 2019
- Issue: 255
- Series: Country Report No. 2019/255
- DOI: https://doi.org/10.5089/9781513509402.002
- Stock No: 1CPVEA2019001
- ISBN: 9781513509402
- ISSN: 1934-7685
International Monetary Fund. African Dept. "Cabo Verde: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde", IMF Staff Country Reports 2019, 255 (2019).
Content in this bundle
- 1cpvea2019001