Cape Verde: 2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

IMF Staff Country Reports, September 25, 2006

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Cape Verde: 2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

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Bibliographic details

• Published: September 25, 2006
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451809435.002

Summary and main findings

• Cape Verde’s economic and policy performance remains sound under the Poverty Reduction and Growth Facility (PRGF) arrangement supported by Policy Support Instrument (PSI).
• Executive Directors commended the prudent macroeconomic policies and structural reforms.
• Emphasis on strengthening economic management through building capacity in fiscal management and policy formulation.
• Particular attention advised to:
  • improving the public sector and regulatory reforms;
  • strengthening the regulatory framework for the energy sector;
  • strengthening the regulatory framework for the financial sector.

Policy recommendations and priorities

• Strengthen capacity in fiscal management and policy formulation.
• Implement public sector reforms and enhance regulatory frameworks.
• Reinforce regulation for the energy sector (Electra is noted in keywords).
• Reinforce regulation for the financial sector.
• Continue prudent macroeconomic policies and structural reforms under the PRGF/PSI framework.

Subjects and keywords (as listed)

• Subjects: Central banks, Expenditure, External debt, Money, Public debt
• Keywords: ADP, Arrears, Cape Verde government, cape Verdean authorities, CR, Credit, e-government initiative, Electra, Global, government, government of Cape Verde, government of the United Kingdom, IMF endorsement, International reserves, ISCR, PSI framework

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