Cape Verde: Staff ;StSeventh Review Under the Policy Support Instrument-Staff Report; aff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

December 18, 2009

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Format: Chicago

Cape Verde: Staff ;StSeventh Review Under the Policy Support Instrument-Staff Report; aff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Summary

This paper discusses key findings of the Seventh Review Under the Policy Support Instrument for Cape Verde. All assessment criteria were met with a margin, and all but three structural benchmarks were met. Growth is holding up at 4 percent in 2009, and inflation is low. The authorities have responded to the global crisis by accelerating their largely externally financed investment program and by tightening monetary policy. IMF staff recommends completing the seventh review and modifying year-end assessment criteria on net international reserves, nonconcessional external borrowing, and domestic borrowing.

Subject: Central Banks, External debt, Money

Keywords: Accounts payable, CR, Credit, Debt sustainability, Deficit, External borrowing, Fiscal policy coordination, Global, IMF's framework, International reserves, ISCR, Monetary base, Monetary policy transmission mechanism, Tax International Monetary Fund base, Transmission mechanism

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/328
Stock No:

1CPVEA2009005
ISBN:

9781451809558
ISSN:

1934-7685

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