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

Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
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Volume/Issue: Volume 2008 Issue 037
Publication date: January 2008
ISBN: 9781451809466
$20.00
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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Industries - Energy , ISCR , CR , authority , energy sector regulation , net , regulation , reform agenda , PSI-supported program , Cape Verde's PSI , energy sector development strategy , Debt sustainability , Debt sustainability analysis , Africa

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Summary

Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI). Executive Directors appreciated the authorities' plan to consolidate macroeconomic stability, improve public sector financial management and tax administration, and strengthen regulation and supervision of the financial sector while reducing fiscal risks. They applauded the Bank of Cape Verde's (BCV) role in strengthening its framework for regulation and supervision. They stressed the need to strengthen the energy sector to enhance growth and poverty reduction. They welcomed the framework to combat money-laundering and financing of terrorism.

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