Cape Verde: First Review Under the Policy Support Instrument

February 1, 2007

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Format: Chicago

Cape Verde: First Review Under the Policy Support Instrument, (USA: International Monetary Fund, 2007) accessed September 20, 2024

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.

Subject: Central Banks, Expenditure, External debt, Money, Public debt

Keywords: Arrears, British government, Broad money, Cape Verdean authorities, Cape Verdean authority, Cape Verde's PSI, CR, Credit, Electra, Fiscal policy, Government, Government-guaranteed external, International reserves, ISCR, Obligations vis-à-vis Electra

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/044
Stock No:

1CPVEA2007001
ISBN:

9781451809442
ISSN:

1934-7685

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