 Cape Verde: Background Issues and Statistical UpdateInternational Monetary Fund No 1995/009, IMF Staff Country Reports from International Monetary Fund Abstract: This Background Issues paper analyzes the financial sector reform in Cape Verde. The paper highlights that monetary policy in Cape Verde is conducted within the framework of a simple financial program elaborated annually by the Bank of Cape Verde (BCV) on the basis of conservative projections of the demand for broad money and an international reserves target. Credit to the government is statutorily limited to 10 percent of the previous year’s revenue collections. In implementing monetary policy, the BCV relies primarily on bank-specific annual credit ceilings, which are derived from its financial program. Keywords: ISCR; CR; central government; private sector; foreign exchange; U.S. dollar; balance of payments; exchange rate; autonomous expenditure; nonfinancial public enterprises; state enterprise sector; C.V. Esc; capital enterprise; cape Verdean authorities; Portuguese escudo; government establishment; liquidated enterprise; gross income; state enterprise reform; Public enterprises; Income; Credit; Civil service; Public sector; Global; Africa (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1995/009 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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