Cover IMF Staff Country Reports
Cape Verde: First Review Under the Policy Support Instrument
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 044
Language:
English
Publication Date:
01 Feb 2007
DOI:
https://doi.org/10.5089/9781451809442.002
ISBN:
9781451809442
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; government; Cape Verde's PSI; fiscal policy; broad money; British government; Electra; cape Verdean authorities; cape Verdean authority; government-guaranteed external; obligations vis-à-vis Electra; International reserves; Arrears; Credit
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This paper discusses key findings of the First Review Under the Policy Support Instrument (PSI) for Cape Verde. The PSI seeks to reduce macroeconomic risks, provides a margin of safety against exogenous shocks, and addresses the prospect of a longer-term decline in highly concessional external support. Economic and policy performance remains strong. Growth projections for 2006 and 2007 have been revised upward, international reserves are accumulating rapidly, and inflation is falling more quickly than expected. The authorities reaffirm their commitment to the PSI policy objectives.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2007: Issue 044