IMF Staff Country Reports

Cape Verde: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

July 24, 2008

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Format: Chicago

International Monetary Fund. "Cape Verde: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde", IMF Staff Country Reports 2008, 248 (2008), accessed 12/31/2025, https://doi.org/10.5089/9781451809503.002

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Summary

Over the last several years, Cape Verde has achieved a major economic transformation that is a tribute to its sound homegrown economic reform program. This 2008 Article IV Consultation highlights that real per capita GDP in Cape Verde has increased on average by more than 7 percent a year since 2001, faster than most small island economies and the average for sub-Saharan Africa. Policy implementation under the Policy Support Instrument (PSI) is also strong. All PSI quantitative assessment criteria for end-December 2007 were met with wide margins.

Subject: Economic and financial statistics, Economic sectors, Money, National accounts

Keywords: Africa, authority, Balance of payments statistics, Cape Verde's PSI, cape Verdean authorities, CR, Credit, Global, Government finance statistics, growth prospect, IMF's framework, ISCR, monetary management, Policy agenda, PSI-supported program, Sub-Saharan Africa, Tourism