Cape Verde : Second Review Under the Policy Support Instrument and Request for Waivers of Nonobservance of Assessment Criteria: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde.

Publication Date: February 03, 2012
Electronic Access: Free Full text (PDF file size is 950KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: Cape Verde’s authorities have tightened fiscal and monetary stances and have significantly reduced the gaps with program targets. Tax revenues held up well, but there were shortfalls in nontax revenue in addition to capital transfers. The spending execution was held below the budget. The authorities need to scale back the fiscal deficit in 2012 and in the medium term to ensure a sustainable fiscal position. Net domestic financing of the central government should decline to avoid crowding out private sector credit and lessen pressure on the balance of payments.
Series: Country Report No. 12/29
Subject(s): Debt sustainability analysis | Economic indicators | Fiscal reforms | Performance criteria waivers | Policy Support Instrument | Staff Reports | Cape Verde

Notes Also Available in Portuguese
Publication Date: February 03, 2012
ISBN/ISSN: 9781463935788/1934-7685 Format: Paper
Stock No: 1CPVEA2012001 Pages: 58
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to