IMF Staff Country Reports

IMF Staff Country Reports
Journal
Publisher:
International Monetary Fund
ISSN:
1934-7685
IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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Cape Verde : Eight Review Under the Policy Support Instrument: Staff Report; Press Release

Cape Verde : Eight Review Under the Policy Support Instrument: Staff Report; Press Release
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Journal Issue
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Volume/Issue:
2010/218
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2010
DOI:
http://dx.doi.org/10.5089/9781455203819.002
ISBN:
9781455203819
ISSN:
1934-7685
Page:
46
Cape Verde's economic and policy performance remains strong. Growth is expected to recover gradually in the next few years. The global economic slowdown has affected the performance of the onshore banking sector. Risks to the outlook are broadly balanced. Executive Directors support the strategy of public investment in infrastructure to crowd in private sector development. The government will need to manage carefully its debt to maintain its low risk of debt distress. The ongoing efforts to strengthen the financial sector regulation and supervision are commended.
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