{
  "title": "Cabo Verde: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde",
  "publication": "IMF Staff Country Reports, July 31, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/30/cabo-verde-staff-report-for-the-2019-article-iv-consultation-and-request-for-an-eighteen-48542",
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  "summary": "This paper discusses Cabo Verde’s 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument (PCI). The PCI aims at bolstering macroeconomic stability through fiscal consolidation and growth-enhancing reforms to support medium-term fiscal and debt sustainability.",
  "sections": [
    {
      "heading": "Program objectives and scope",
      "content": "- Discusses Cabo Verde’s 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument (PCI).\n- The PCI aims at bolstering macroeconomic stability through fiscal consolidation and growth-enhancing reforms to support medium-term fiscal and debt sustainability.\n- Policy discussions and the PCI-supported program focused on:\n  - achieving medium-term fiscal and debt sustainability;\n  - modernizing the monetary policy framework and continuing to build precautionary reserves;\n  - bolstering the financial system resilience;\n  - restructuring lossmaking State-Owned Enterprises;\n  - advancing structural reforms to support private sector-led growth."
    },
    {
      "heading": "Medium-term outlook and risks",
      "content": "- The medium-term outlook is positive although risks are tilted to the downside.\n- Economic growth is projected to remain robust.\n- The fiscal and external positions are expected to improve further, underpinned by growth and programmed structural reforms."
    },
    {
      "heading": "Thematic coverage and subject areas",
      "content": "- Subject: Debt sustainability, Debt sustainability analysis, External debt, Macrostructural analysis, Public debt, Structural reforms\n- Keywords: Africa; broad money; Cabo Verde's economy; Cabo Verde's risk; CR; debt; Debt sustainability; Debt sustainability analysis; Europe; Global; inflation development; ISCR; macroeconomic situation; monetary policy transmission mechanism; North America; outlook; risk of debt distress; South America; Structural reforms; transmission mechanism"
    },
    {
      "heading": "Publication facts and key metadata",
      "content": "- Publication date: July 31, 2019\n- Pages: 104\n- Volume: 2019\n- Issue: 255\n- Series: Country Report No. 2019/255\n- DOI: https://doi.org/10.5089/9781513509402.002\n- Stock No: 1CPVEA2019001\n- ISBN: 9781513509402\n- ISSN: 1934-7685\n\nInternational Monetary Fund. African Dept. \"Cabo Verde: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde\", IMF Staff Country Reports 2019, 255 (2019).\n\n---\n\n Content in this bundle\n\n- 1cpvea2019001\n  - 1cpvea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1cpvea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 31, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513509402.002",
    "Discusses Cabo Verde’s 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument (PCI).",
    "The PCI aims at bolstering macroeconomic stability through fiscal consolidation and growth-enhancing reforms to support medium-term fiscal and debt sustainability.",
    "Policy discussions and the PCI-supported program focused on:",
    "The medium-term outlook is positive although risks are tilted to the downside.",
    "Economic growth is projected to remain robust.",
    "The fiscal and external positions are expected to improve further, underpinned by growth and programmed structural reforms.",
    "Subject: Debt sustainability, Debt sustainability analysis, External debt, Macrostructural analysis, Public debt, Structural reforms",
    "Keywords: Africa; broad money; Cabo Verde's economy; Cabo Verde's risk; CR; debt; Debt sustainability; Debt sustainability analysis; Europe; Global; inflation development; ISCR; macroeconomic situation; monetary policy transmission mechanism; North America; outlook; risk of debt distress; South America; Structural reforms; transmission mechanism",
    "Publication date: July 31, 2019",
    "Pages: 104",
    "Volume: 2019",
    "Issue: 255",
    "Series: Country Report No. 2019/255",
    "DOI: https://doi.org/10.5089/9781513509402.002",
    "Stock No: 1CPVEA2019001",
    "ISBN: 9781513509402",
    "ISSN: 1934-7685",
    "**1cpvea2019001**"
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