Cape Verde: Eight Review Under the Policy Support Instrument: Staff Report; Press Release

July 16, 2010

Preview Citation

Format: Chicago

Cape Verde: Eight Review Under the Policy Support Instrument: Staff Report; Press Release, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

Cape Verde’s economic and policy performance remains strong. Growth is expected to recover gradually in the next few years. The global economic slowdown has affected the performance of the onshore banking sector. Risks to the outlook are broadly balanced. Executive Directors support the strategy of public investment in infrastructure to crowd in private sector development. The government will need to manage carefully its debt to maintain its low risk of debt distress. The ongoing efforts to strengthen the financial sector regulation and supervision are commended.

Subject: Central Banks, External debt, Money

Keywords: BCV Policy rate, Cape Verde's PSI, CR, Credit, Debt service, Debt sustainability, Domestic borrowing, Executive board's decision, Global, IMF staff estimate, IMF's framework, International reserves, ISCR, Net

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/218
Stock No:

1CPVEA2010001
ISBN:

9781455203819
ISSN:

1934-7685

Notes

Also available in Portuguese

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