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IMF Country Report No. 21/99
CABO VERDE
TECHNICAL ASSISTANCE REPORT—MONETARY AND FINANCIAL STATISTICS MISSION
June 2021
This Technical Assistance Report paper on Cabo Verde was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in May 2021.
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Title Page
Cabo Verde
Technical Assistance Report on the Monetary and Financial Statistics Mission (January 18–29, 2021)
May 2021
Prepared by José Carlos Moreno-Ramírez
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of the Cabo Verde (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
BACKGROUND
A. Context
B. The Financial Corporations Sector in Cabo Verde
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Central Bank Survey: Analysis of Discrepancies
B. Other Depository Corporations Survey: Analysis of Discrepancies
C. Compilation of the Depository Corporations Survey
D. Compilation of the Other Financial Corporations Survey
E. Resources and Technical Assistance
F. DC Compilation System and Integrated Monetary Database
G. Compilation of Credit by Economic Activity
ACTION PLAN
TABLES
1. Priority Recommendations
2. Structure of the Financial Corporations Sector (Summary)
3. Central Bank Survey (1SG vs Consolidated Balance Sheet of BCV)
4. ODC Survey (2SG vs Consolidated Balance Sheet of ODC)
5. Mission’s Recommendations
APPENDIX
I. Officials Met During the Mission
Glossary
| AFR | African Department of the IMF |
| BCV | Bank of Cabo Verde |
| DC | Depository Corporations |
| DEE | Statistics and Economic Studies Department, Bank of Cabo Verde |
| IFS | International Financial Statistics |
| IMD | Integrated monetary database |
| IMF | International Monetary Fund |
| IFRS | International Financial Reporting Standards |
| MCM | Monetary and Capitals Markets Department |
| MFS | Monetary and financial statistics |
| MFSMCG | Monetary and Financial Statistics Manual and Compilation Guide |
| NFCs | Non-financial corporations |
| INE | National Institute of Statistics of Cabo Verde |
| ODC | Other depository corporations |
| OFC | Other financial corporations |
| SRFs | Standardized report forms |
| SRF 1SR | Central bank standard report form |
| SRF 2SR | Other depository corporations standard report form |
| SRF 4SR | Other financial corporations standard report form |
| STA | Statistics Department of the IMF |
