Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets

November 10, 2020

Preview Citation

Format: Chicago

Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets, (USA: International Monetary Fund, 2020) accessed December 23, 2024

Summary

The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic. Prior to the health crisis, economic growth was robust, the fiscal and external positions were improving, reserves were at comfortable levels, and public debt was on a downward trajectory. The pandemic is threatening to erode these gains and has generated significant financing needs. The authorities have been implementing policy and healthcare measures to address the fallout of the pandemic and protect vulnerable groups while seeking to safeguard macroeconomic stability.

Subject: COVID-19, Debt sustainability analysis, Expenditure, External debt, Health, Public debt

Keywords: Advance SOEs, Borrowing policy, Cabo Verde economy, Cabo Verdean authorities, Cabo Verde's economy, Cabo Verde's vulnerability, COVID-19, CR, Debt sustainability analysis, Global, Growth prospect, ISCR, Reform implementation effort, SOEs reform, Southern Europe, Sub-Saharan Africa, Vulnerabilities to plunge

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/297
Stock No:

1CPVEA2020003
ISBN:

9781513560816
ISSN:

1934-7685

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