## Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets

_IMF Staff Country Reports, November 10, 2020_

## Source details

**Canonical URL:** [Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets](https://www.imf.org/en/publications/cr/issues/2020/11/10/cabo-verde-second-review-under-the-policy-coordination-instrument-and-request-for-49875)

## Other formats

- [Markdown version](/en/publications/cr/issues/2020/11/10/cabo-verde-second-review-under-the-policy-coordination-instrument-and-request-for-49875/index.md)
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## Bibliographic details
- Published: November 10, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513560816.002

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### Overview and economic impact
- 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,
  - public debt was on a downward trajectory.
- The pandemic is threatening to erode these gains and has generated significant financing needs.

### Policy response and objectives
- The authorities have been implementing policy and healthcare measures to:
  - address the fallout of the pandemic,
  - protect vulnerable groups,
  - safeguard macroeconomic stability.

### Key findings and themes
- Primary subjects covered include:
  - COVID-19,
  - Debt sustainability analysis,
  - Expenditure,
  - External debt,
  - Health,
  - Public debt.
- Keywords associated with the content:
  - advance SOEs,
  - borrowing policy,
  - Cabo Verde economy,
  - Cabo Verde's economy,
  - Cabo Verde's vulnerability,
  - Cabo Verdean authorities,
  - COVID-19,
  - CR,
  - Debt sustainability analysis,
  - Global,
  - growth prospect,
  - ISCR,
  - reform implementation effort,
  - SOEs reform,
  - Southern Europe,
  - Sub-Saharan Africa,
  - vulnerabilities to plunge.

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## Content in this bundle

- **1cpvea2020003**
  - [1cpvea2020003 (Markdown version)](/-/media/files/publications/cr/2020/english/1cpvea2020003.pdf.md){rel="alternate" type="text/markdown"}
  - [1cpvea2020003 (PDF)](/-/media/files/publications/cr/2020/english/1cpvea2020003.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2020/11/10/cabo-verde-second-review-under-the-policy-coordination-instrument-and-request-for-49875_