{
  "title": "Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde",
  "publication": "IMF Staff Country Reports, April 18, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/04/18/cabo-verde-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45803",
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  "summary": "This 2018 Article IV Consultation highlights that the economic recovery in Cabo Verde is gaining momentum, reflecting a more favorable external environment and the payoff of ongoing economic reforms.",
  "sections": [
    {
      "heading": "Key findings: economic recovery and growth outlook",
      "content": "- The economic recovery in Cabo Verde \"is gaining momentum,\" reflecting a more favorable external environment and the payoff of ongoing economic reforms.\n- In 2017, the economy is estimated to have expanded by 4 percent, supported by the \"double digit-growth in tourist arrivals,\" the recovery in credit to the private sector, and stronger consumer and business confidence.\n- These factors are expected to boost growth further to 4.3 percent in 2018.\n- Over the medium term, real GDP growth is projected to stabilize at about 4 percent."
    },
    {
      "heading": "Financial sector and stability",
      "content": "- Financial stability indicators have improved.\n- The level of nonperforming loans remains elevated."
    },
    {
      "heading": "Analytical focus and subject coverage",
      "content": "- Credit\n- Debt sustainability analysis\n- External debt\n- Fiscal consolidation\n- Fiscal policy\n- Money\n- Public debt\n- Revenue administration"
    },
    {
      "heading": "Keywords and thematic emphasis",
      "content": "- Cabo Verde's economy\n- Cabo Verdean authorities\n- CR\n- Credit\n- debt\n- debt ratio\n- Europe\n- Fiscal consolidation\n- Global\n- ISCR\n- stance of the Banco de Cabo Verde\n- Sub-Saharan Africa\n- transmission mechanism\n- water utility company Electra\n\nInternational Monetary Fund. Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde (April 18, 2018).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: April 18, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484352267.002",
    "The economic recovery in Cabo Verde \"is gaining momentum,\" reflecting a more favorable external environment and the payoff of ongoing economic reforms.",
    "In 2017, the economy is estimated to have expanded by 4 percent, supported by the \"double digit-growth in tourist arrivals,\" the recovery in credit to the private sector, and stronger consumer and business confidence.",
    "These factors are expected to boost growth further to 4.3 percent in 2018.",
    "Over the medium term, real GDP growth is projected to stabilize at about 4 percent.",
    "Financial stability indicators have improved.",
    "The level of nonperforming loans remains elevated.",
    "Cabo Verde's economy",
    "Cabo Verdean authorities",
    "CR",
    "debt",
    "debt ratio",
    "Europe",
    "Global",
    "ISCR",
    "stance of the Banco de Cabo Verde",
    "Sub-Saharan Africa",
    "transmission mechanism",
    "water utility company Electra",
    "**Country Report**"
  ],
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