Cape Verde:Poverty Reduction Strategy Paper—Joint Staff Advisory Note

Author: International Monetary Fund

Poverty Reduction Strategy Paper—Joint Staff Advisory Note

Volume/Issue: Volume 2005 Issue 136

Publication date: April 2005

ISBN: 9781451809398

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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.

Health Policy , Public Policy - Social Services and Welfare , ISCR , CR , government , poverty , policy option , government's reform strategy , policy reform , discussion of expenditure management , growth sector , Health care , Poverty reduction strategy , Africa , Global

Also of interest

Republic of Congo : 2001 Article IV

Peru

Spain

Malawi

Summary

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Cape Verde. The PRSP presents an appropriately ambitious economic outlook, with real GDP growth projected to rise to 7 percent in 2007. The overall macroeconomic framework of the PRSP is based on a rising primary recurrent surplus and on the buildup of international reserves to back the exchange rate peg. But underlying this framework are assumptions of a containment of contingent liabilities, especially from planned privatizations, and a substantial increase in external support.