IMF Staff Country Reports

Cabo Verde: Fifth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Quantitative Performance Criterion, Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

February 11, 2025

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Format: Chicago

International Monetary Fund. African Dept. "Cabo Verde: Fifth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Quantitative Performance Criterion, Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde", IMF Staff Country Reports 2025, 043 (2025), accessed March 15, 2025, https://doi.org/10.5089/9798229001496.002

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Summary

Cabo Verde's recent strong economic growth is driven by tourism, exports, private consumption, and remittances, but hampered by slow government investment. The government has maintained macro-financial stability but faces risks from global uncertainties, supply chain issues, and commodity price fluctuations.

Subject: Debt service, Debt sustainability analysis, External debt, Fiscal risks, Public debt, Public financial management (PFM)

Keywords: BCV reserve, Climate governance, Debt service, Debt sustainability analysis, Fiscal risks, Global, Import growth, RSF arrangement, RSF reform, State-owned enterprise reforms stall

Publication Details

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