Cabo Verde: Third Review Under the Policy Coordination Instrument-Press Release; and Staff Report

April 2, 2021

Preview Citation

Format: Chicago

Cabo Verde: Third Review Under the Policy Coordination Instrument-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 12, 2024

Summary

The Cabo Verdean economy is in recession as a result of the economic impact of the pandemic that has shut down the tourism and transport sectors and significantly affected the rest of the economy. The number of COVID-19 cases continues to rise with concentration in the largest island, though the recovery rate is high. The economic outlook remains highly uncertain and dependent upon the duration of the pandemic, the global economic recovery, and the authorities’ ability to support the expected economic recovery through the appropriate policies and reforms. Legislative and presidential elections are scheduled for April and October, respectively.

Subject: COVID-19, Credit, Expenditure, Fiscal policy, Fiscal stance, Health, International organization, Monetary policy, Money, Public debt

Keywords: Cabo Verde escudo, Cabo Verdean authorities, Cabo Verde's Policy Coordination Instrument, COVID-19, Credit, Development partner, Fiscal stance, Global, Response plan, Risk threshold

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/071
Stock No:

1CPVEA2021002
ISBN:

9781513576527
ISSN:

1934-7685

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