IMF Staff Country Reports

Cabo Verde: Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

January 16, 2024

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Cabo Verde: Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Also available in: português

Summary

Cabo Verde has weathered the recent shocks well, and the authorities have been successful in maintaining macro-financial stability, supported by international partners. Despite a challenging global environment, Cabo Verde’s economy rebounded strongly in 2021 and 2022 and continues its strong macroeconomic performance in 2023.The near-term growth outlook is favorable despite some downside risks. Inflation is decelerating. The country is politically stable. However, Cabo Verde still faces substantial vulnerabilities. The public debt-to-GDP ratio though declining is still above pre-pandemic levels. Climate change poses a major threat, as Cabo Verde is one of the most water-scarce countries in the world.

Subject: Climate change, Environment, External debt, Fiscal risks, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Cabo Verde's economy, Climate action, Climate change, Climate change adaptation, Fiscal risks, Global, Reform measure, RSF reform

Publication Details

  • Pages:

    142

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/009

  • Stock No:

    1CPVEA2024001

  • ISBN:

    9798400265129

  • ISSN:

    1934-7685

You May Also Be Interested In...

VITARA Reference Guide: Institutional Governance

November 21, 2024

Understanding Artificial Intelligence in Tax and Customs Administration

November 21, 2024

Managing Tax Incentives in Developing Countries

November 21, 2024

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024