Cape Verde: Second Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
IMF Staff Country Reports, June 26, 2007
Source details
- Canonical URL
- Cape Verde: Second Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
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Bibliographic details
- Published: June 26, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809459.002
Program purpose and recent developments
- The staff report discusses the macroeconomic framework and recent developments under the Second Review of the Policy Support Instrument (PSI) for Cape Verde.
- Cape Verde’s economic program under the PSI is designed to help the country prepare for the opportunities and challenges associated with its graduation from the United Nations least-developed-country (LDC) status in 2008.
Key findings and analysis (staff view)
- IMF staff recommended that a comprehensive medium-term investment plan be prepared, including for state-owned enterprises.
- The authorities agreed to prepare a comprehensive medium-term investment plan.
- A comprehensive medium-term investment plan would:
- support prioritization of public investment;
- provide planning needed to secure concessional external financing.
Policy recommendations
- Prepare a comprehensive medium-term investment plan covering public investment and state-owned enterprises.
- Prioritize public investment based on the investment plan to improve access to concessional external financing.