Cape Verde: 2001 Article IV Consultation—Staff Report and Public Information Notice on the Executive Board Discussion

October 3, 2001

Preview Citation

Format: Chicago

Cape Verde: 2001 Article IV Consultation—Staff Report and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2001) accessed November 21, 2024

Summary

In the conclusion of the previous Article IV Consultation, Executive Directors welcomed the elimination of quantitative import restrictions and the liberalization of foreign exchange regulations, and Directors emphasized the need to consolidate the progress made in containing the fiscal imbalances by continuing with prudent expenditure policies and further strengthening the tax system and budgetary procedures. Fiscal slippages occurred in the second half of 1999 and led to pressures on the balance of payments. Structural reforms created an environment conducive to private sector activity.

Subject: Central Banks, Expenditure, Financial institutions, Foreign exchange, Public financial management (PFM)

Keywords: Banking system, Broad money, Cape Verdean authorities, Commercial banks, CR, Economic reform program, Exchange rate, Extra-budgetary funds, Financing of the budget, IMF to the public, IMF's assessment, International reserves, ISCR, Limit central bank financing, Program, Statutory independence, Trust fund, West Africa

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/174
Stock No:

1CPVEA0012001
ISBN:

9781451809268
ISSN:

1934-7685

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