Cape Verde:2001 Article IV Consultation—Staff Report and Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2001 Issue 174

Publication date: October 2001

ISBN: 9781451809268

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Public Finance , ISCR , CR , program , economic reform program , limit central bank financing , cape Verdean authorities , banking system , trust fund , exchange rate , financing of the budget , IMF's assessment , IMF to the public , statutory independence , broad money , Extra-budgetary funds , International reserves , Commercial banks , West Africa

Also of interest

Grenada

Peru

Nepal

Peru

Summary

In the conclusion of the previous Article IV Consultation, Executive Directors welcomed the elimination of quantitative import restrictions and the liberalization of foreign exchange regulations, and Directors emphasized the need to consolidate the progress made in containing the fiscal imbalances by continuing with prudent expenditure policies and further strengthening the tax system and budgetary procedures. Fiscal slippages occurred in the second half of 1999 and led to pressures on the balance of payments. Structural reforms created an environment conducive to private sector activity.