Cape Verde: First Review Under the Policy Support Instrument
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Summary:
This paper discusses key findings of the First Review Under the Policy Support Instrument (PSI) for Cape Verde. The PSI seeks to reduce macroeconomic risks, provides a margin of safety against exogenous shocks, and addresses the prospect of a longer-term decline in highly concessional external support. Economic and policy performance remains strong. Growth projections for 2006 and 2007 have been revised upward, international reserves are accumulating rapidly, and inflation is falling more quickly than expected. The authorities reaffirm their commitment to the PSI policy objectives.
Series:
Country Report No. 2007/044
Subject:
English
Publication Date:
February 1, 2007
ISBN/ISSN:
9781451809442/1934-7685
Stock No:
1CPVEA2007001
Pages:
62
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