Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets
IMF Staff Country Reports, November 10, 2020
Source details
- Canonical URL
- Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets
Other formats
Bibliographic details
- Published: November 10, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513560816.002
Overview and economic impact
- The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic.
- Prior to the health crisis:
- economic growth was robust,
- the fiscal and external positions were improving,
- reserves were at comfortable levels,
- public debt was on a downward trajectory.
- The pandemic is threatening to erode these gains and has generated significant financing needs.
Policy response and objectives
- The authorities have been implementing policy and healthcare measures to:
- address the fallout of the pandemic,
- protect vulnerable groups,
- safeguard macroeconomic stability.
Key findings and themes
- Primary subjects covered include:
- COVID-19,
- Debt sustainability analysis,
- Expenditure,
- External debt,
- Health,
- Public debt.
- Keywords associated with the content:
- advance SOEs,
- borrowing policy,
- Cabo Verde economy,
- Cabo Verde's economy,
- Cabo Verde's vulnerability,
- Cabo Verdean authorities,
- COVID-19,
- CR,
- Debt sustainability analysis,
- Global,
- growth prospect,
- ISCR,
- reform implementation effort,
- SOEs reform,
- Southern Europe,
- Sub-Saharan Africa,
- vulnerabilities to plunge.
Content in this bundle
- 1cpvea2020003