Cape Verde:Second Review Under the Poverty Reduction and Growth Facility Arrangement

Author: International Monetary Fund

Second Review Under the Poverty Reduction and Growth Facility Arrangement

Volume/Issue: Volume 2003 Issue 229

Publication date: July 2003

ISBN: 9781451809350

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Policy - Social Services and Welfare , ISCR , CR , broad money growth , staff appraisal , PRGF loan , authority , end-period basis , PRGF arrangement , Poverty reduction strategy , International reserves , Arrears , Credit , Africa , Global

Also of interest

Republic of Congo : 2001 Article IV

Peru

Spain

Malawi

Summary

Executive Directors commend the government for their continued commitment to restore macroeconomic stability and implement structural reforms to establish the foundation for high rates of economic growth and poverty reduction. The medium-term economic strategy is appropriate. The risks to the program are acceptable. The implementation of the value-added tax and the new customs tariffs have been subject to repeated delays. The measures to stem the losses of wholly state-owned public enterprises have been commended. Cape Verde's statistical system remains weak, but is improving.