## Cape Verde: 2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

_IMF Staff Country Reports, September 25, 2006_

## Source details

**Canonical URL:** [Cape Verde: 2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde](https://www.imf.org/en/publications/cr/issues/2016/12/31/cape-verde-2006-article-iv-consultation-and-request-for-a-three-year-policy-support-19901)

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## Bibliographic details
- Published: September 25, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809435.002

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### Summary and main findings
- Cape Verde’s economic and policy performance remains sound under the Poverty Reduction and Growth Facility (PRGF) arrangement supported by Policy Support Instrument (PSI).
- Executive Directors commended the prudent macroeconomic policies and structural reforms.
- Emphasis on strengthening economic management through building capacity in fiscal management and policy formulation.
- Particular attention advised to:
  - improving the public sector and regulatory reforms;
  - strengthening the regulatory framework for the energy sector;
  - strengthening the regulatory framework for the financial sector.

### Policy recommendations and priorities
- Strengthen capacity in fiscal management and policy formulation.
- Implement public sector reforms and enhance regulatory frameworks.
- Reinforce regulation for the energy sector (Electra is noted in keywords).
- Reinforce regulation for the financial sector.
- Continue prudent macroeconomic policies and structural reforms under the PRGF/PSI framework.

### Subjects and keywords (as listed)
- Subjects: Central banks, Expenditure, External debt, Money, Public debt
- Keywords: ADP, Arrears, Cape Verde government, cape Verdean authorities, CR, Credit, e-government initiative, Electra, Global, government, government of Cape Verde, government of the United Kingdom, IMF endorsement, International reserves, ISCR, PSI framework

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/cape-verde-2006-article-iv-consultation-and-request-for-a-three-year-policy-support-19901_