Cape Verde: First Review Under the Policy Support Instrument and Requests for Waivers of Nonobservance and Modification of Assessment Criteria: Staff Report; Supplement; and Press Release
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Summary:
Cape Verde’s economic outlook and policy performance remain favorable. The government should complete implementation of the Public Investment Program (PIP), while reducing external debt. Executive Directors support efforts to rationalize and simplify the tax system and improve tax administration. The tight stance of monetary policy is constraining the growth of private credit to stabilize foreign reserves. The new banking law and finalizing the National Social Security Institute’s investment policy guidelines are necessary. Enhancing labor market flexibility will support the government’s transformation agenda. Risks to the program remain manageable.
Series:
Country Report No. 2011/254
Subject:
Central Banks External debt Financial institutions Money Public debt
Notes:
English
Publication Date:
July 20, 2011
ISBN/ISSN:
9781462340569/1934-7685
Stock No:
1CPVEA2011001
Pages:
50
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