{
  "title": "Cape Verde: Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde",
  "publication": "IMF Staff Country Reports, January 28, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cape-verde-third-review-under-the-policy-support-instrument-staff-report-staff-supplement-21640",
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  "summary": "Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI).",
  "sections": [
    {
      "heading": "Summary of findings and performance",
      "content": "- Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI).\n- Executive Directors appreciated the authorities' plan to:\n  - consolidate macroeconomic stability,\n  - improve public sector financial management and tax administration,\n  - strengthen regulation and supervision of the financial sector while reducing fiscal risks.\n- They applauded the Bank of Cape Verde's (BCV) role in strengthening its framework for regulation and supervision.\n- They stressed the need to strengthen the energy sector to enhance growth and poverty reduction.\n- They welcomed the framework to combat money-laundering and financing of terrorism."
    },
    {
      "heading": "Policy recommendations and reform agenda",
      "content": "- Consolidate macroeconomic stability under the PSI.\n- Improve public sector financial management (PFM) and tax administration.\n- Strengthen regulation and supervision of the financial sector to reduce fiscal risks.\n- Strengthen the energy sector to support growth and poverty reduction.\n- Implement and maintain the framework to combat money-laundering and financing of terrorism."
    },
    {
      "heading": "Subject focus and keywords",
      "content": "- Subjects: External debt, Public debt, Public financial management (PFM).\n- Keywords: Africa, authority, Cape Verde's PSI, CR, Debt sustainability, Debt sustainability analysis, energy sector development strategy, energy sector regulation, ISCR, net, PSI-supported program, reform agenda, regulation.\n\n---\n\n Content in this bundle\n\n- CAPE VERDE — Third Review Under the Policy Support Instrument\n  - CAPE VERDE — Third Review Under the Policy Support Instrument (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - CAPE VERDE — Third Review Under the Policy Support Instrument (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/cape-verde-third-review-under-the-policy-support-instrument-staff-report-staff-supplement-21640/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/cape-verde-third-review-under-the-policy-support-instrument-staff-report-staff-supplement-21640/index.json)",
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    "Published: January 28, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451809466.002",
    "Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI).",
    "Executive Directors appreciated the authorities' plan to:",
    "They applauded the Bank of Cape Verde's (BCV) role in strengthening its framework for regulation and supervision.",
    "They stressed the need to strengthen the energy sector to enhance growth and poverty reduction.",
    "They welcomed the framework to combat money-laundering and financing of terrorism.",
    "Consolidate macroeconomic stability under the PSI.",
    "Improve public sector financial management (PFM) and tax administration.",
    "Strengthen regulation and supervision of the financial sector to reduce fiscal risks.",
    "Strengthen the energy sector to support growth and poverty reduction.",
    "Implement and maintain the framework to combat money-laundering and financing of terrorism.",
    "Subjects: External debt, Public debt, Public financial management (PFM).",
    "Keywords: Africa, authority, Cape Verde's PSI, CR, Debt sustainability, Debt sustainability analysis, energy sector development strategy, energy sector regulation, ISCR, net, PSI-supported program, reform agenda, regulation.",
    "**CAPE VERDE — Third Review Under the Policy Support Instrument**"
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