Cape Verde:Second Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

Author: International Monetary Fund

Second Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

Volume/Issue: Volume 2007 Issue 223

Publication date: June 2007

ISBN: 9781451809459

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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 , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Financial , ISCR , CR , cape Verdian authorities , government , net , government transfer , fiscal policy , authorities' effort , Cape Verde's PSI , PSI-supported program , Credit , Arrears , International reserves

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Summary

The staff report for the Second Review under the Policy Support Instrument (PSI) of Cape Verde discusses the macroeconomic framework and recent developments. Cape Verde’s economic program under the PSI is designed to help the country prepare for the opportunities and challenges associated with its graduation from the United Nations least-developed-country (LDC) status in 2008. IMF staff recommended, and the authorities agreed, that a comprehensive medium-term investment plan be prepared, including for state-owned enterprises. This approach would support prioritization of public investment and the planning needed to secure concessional external financing.