Cabo Verde:Request for an Extension of the Program Under the Policy Coordination Instrument

Request for an Extension of the Program Under the Policy Coordination Instrument

Volume/Issue: Volume 2021 Issue 019

Publication date: January 2021

ISBN: 9781513567068

$18.00

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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.

Business and Economics , Health and Fitness , Exports and Imports , Public Finance , ISCR , CR , monetary policy transmission mechanism , Cabo Verde's Policy Coordination Instrument , reform targets , Cabo Verdean authorities , development partner

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Summary

Cabo Verde’s Policy Coordination Instrument (PCI) is due to expire on January 15, 2021. In the attached letter, the authorities request its extension through March 31, 2021. Cabo Verde’s 18-month PCI was approved by the Executive Board on July 15, 2019. Two reviews have been concluded, with the second delayed by over a month due to additional work generated by the impact of COVID-19 for staff and for the authorities. The requested extension will provide additional time to conclude the third and final review under the PCI.