IMF Staff Country Reports

Cape Verde: Background Issues and Statistical Update

February 2, 1995

Preview Citation

Format: Chicago

Cape Verde: Background Issues and Statistical Update, (USA: International Monetary Fund, 1995) accessed November 21, 2024

Summary

This Background Issues paper analyzes the financial sector reform in Cape Verde. The paper highlights that monetary policy in Cape Verde is conducted within the framework of a simple financial program elaborated annually by the Bank of Cape Verde (BCV) on the basis of conservative projections of the demand for broad money and an international reserves target. Credit to the government is statutorily limited to 10 percent of the previous year’s revenue collections. In implementing monetary policy, the BCV relies primarily on bank-specific annual credit ceilings, which are derived from its financial program.

Subject: Economic sectors, Labor, Money, National accounts

Keywords: Africa, Autonomous expenditure, Balance of payments, C.V. Esc, Cape Verdean authorities, Capital enterprise, Central government, Civil service, CR, Credit, Exchange rate, Foreign exchange, Global, Government establishment, Gross income, Income, ISCR, Liquidated enterprise, Nonfinancial public enterprises, Portuguese escudo, Private sector, Public enterprises, Public sector, State enterprise reform, State enterprise sector, U.S. dollar

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/009

  • Stock No:

    1CPVEA0011995

  • ISBN:

    9781451809220

  • ISSN:

    1934-7685

Notes

These background issues and statistical update on Cape Verde were prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.