Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

April 18, 2018

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Format: Chicago

Cabo Verde: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde, (USA: International Monetary Fund, 2018) accessed September 18, 2024

Summary

This 2018 Article IV Consultation highlights that the economic recovery in Cabo Verde is gaining momentum, reflecting a more favorable external environment and the payoff of ongoing economic reforms. In 2017, the economy is estimated to have expanded by 4 percent supported by the double digit-growth in tourist arrivals, the recovery in credit to the private sector, and stronger consumer and business confidence. These factors are expected to boost growth further to 4.3 percent in 2018. Over the medium term, real GDP growth is projected to stabilize at about 4 percent. Financial stability indicators have improved but the level of nonperforming loans remains elevated.

Subject: Credit, Debt sustainability analysis, External debt, Fiscal consolidation, Fiscal policy, Money, Public debt, Revenue administration

Keywords: Cabo Verdean authorities, Cabo Verde's economy, CR, Credit, Debt, Debt ratio, Europe, Fiscal consolidation, Global, ISCR, Stance of the Banco de Cabo Verde, Sub-Saharan Africa, Transmission mechanism, Water utility company Electra

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/104
Stock No:

1CPVEA2018001
ISBN:

9781484352267
ISSN:

1934-7685

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