{
  "title": "Cabo Verde: Request for an Extension of the Program Under the Policy Coordination Instrument",
  "publication": "IMF Staff Country Reports, January 21, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/01/21/cabo-verde-request-for-an-extension-of-the-program-under-the-policy-coordination-instrument-50027",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2021/01/21/cabo-verde-request-for-an-extension-of-the-program-under-the-policy-coordination-instrument-50027",
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  "summary": "Cabo Verde’s Policy Coordination Instrument (PCI) is due to expire on January 15, 2021. In the attached letter, the authorities request its extension through March 31, 2021. Cabo Verde’s 18-month PCI was approved by the Executive Board on July 15, 2019.",
  "sections": [
    {
      "heading": "Summary of request and purpose",
      "content": "- Cabo Verde’s Policy Coordination Instrument (PCI) is due to expire on January 15, 2021.\n- The authorities request an extension of the PCI through March 31, 2021.\n- The requested extension will provide additional time to conclude the third and final review under the PCI."
    },
    {
      "heading": "Background and review history",
      "content": "- The 18-month PCI was approved by the Executive Board on July 15, 2019.\n- Two reviews have been concluded.\n- The second review was delayed by over a month due to additional work generated by the impact of COVID-19 for staff and for the authorities."
    },
    {
      "heading": "Institutional and topical focus",
      "content": "- Subject: COVID-19, External debt, Fiscal reporting, Public debt, Revenue administration\n- Keywords: Cabo Verde's Policy Coordination Instrument, Cabo Verdean authorities, CR, development partner, ISCR, monetary policy transmission mechanism, reform targets\n\n---\n\n Content in this bundle\n\n- Cabo Verde — Request for an Extension of the Program Under the Policy Coordination Instrument\n  - Cabo Verde — Request for an Extension of the Program Under the Policy Coordination Instrument (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cabo Verde — Request for an Extension of the Program Under the Policy Coordination Instrument (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 21, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513567068.002",
    "Cabo Verde’s Policy Coordination Instrument (PCI) is due to expire on January 15, 2021.",
    "The authorities request an extension of the PCI through March 31, 2021.",
    "The requested extension will provide additional time to conclude the third and final review under the PCI.",
    "The 18-month PCI was approved by the Executive Board on July 15, 2019.",
    "Two reviews have been concluded.",
    "The second review was delayed by over a month due to additional work generated by the impact of COVID-19 for staff and for the authorities.",
    "Subject: COVID-19, External debt, Fiscal reporting, Public debt, Revenue administration",
    "Keywords: Cabo Verde's Policy Coordination Instrument, Cabo Verdean authorities, CR, development partner, ISCR, monetary policy transmission mechanism, reform targets",
    "**Cabo Verde — Request for an Extension of the Program Under the Policy Coordination Instrument**"
  ],
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