{
  "title": "Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets",
  "publication": "IMF Staff Country Reports, November 10, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/11/10/cabo-verde-second-review-under-the-policy-coordination-instrument-and-request-for-49875",
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  "summary": "The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic. Prior to the health crisis, economic growth was robust, the fiscal and external positions were improving, reserves were at comfortable levels, and public debt was on a downward trajectory.",
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    {
      "heading": "Overview and economic impact",
      "content": "- The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic.\n- Prior to the health crisis:\n  - economic growth was robust,\n  - the fiscal and external positions were improving,\n  - reserves were at comfortable levels,\n  - public debt was on a downward trajectory.\n- The pandemic is threatening to erode these gains and has generated significant financing needs."
    },
    {
      "heading": "Policy response and objectives",
      "content": "- The authorities have been implementing policy and healthcare measures to:\n  - address the fallout of the pandemic,\n  - protect vulnerable groups,\n  - safeguard macroeconomic stability."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Primary subjects covered include:\n  - COVID-19,\n  - Debt sustainability analysis,\n  - Expenditure,\n  - External debt,\n  - Health,\n  - Public debt.\n- Keywords associated with the content:\n  - advance SOEs,\n  - borrowing policy,\n  - Cabo Verde economy,\n  - Cabo Verde's economy,\n  - Cabo Verde's vulnerability,\n  - Cabo Verdean authorities,\n  - COVID-19,\n  - CR,\n  - Debt sustainability analysis,\n  - Global,\n  - growth prospect,\n  - ISCR,\n  - reform implementation effort,\n  - SOEs reform,\n  - Southern Europe,\n  - Sub-Saharan Africa,\n  - vulnerabilities to plunge.\n\n---\n\n Content in this bundle\n\n- 1cpvea2020003\n  - 1cpvea2020003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1cpvea2020003 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 10, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513560816.002",
    "The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic.",
    "Prior to the health crisis:",
    "The pandemic is threatening to erode these gains and has generated significant financing needs.",
    "The authorities have been implementing policy and healthcare measures to:",
    "Primary subjects covered include:",
    "Keywords associated with the content:",
    "**1cpvea2020003**"
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