Cabo Verde: Selected Issues

International Monetary Fund

No 2016/367, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines whether the recent slowdown in private sector credit growth in Cabo Verde is demand or supply driven. Although in the late 2000s, demand factors have been the main drivers in Cabo Verde’s credit market, supply dynamics’ role has increased in recent years. For Cabo Verde to promote private sector-led growth and sustainable economic development, reforms aiming at strengthening both credit demand and supply will be essential. These include improving the business environment for the private sector as well as strengthening the financial sector by ensuring prudent banking supervision and an effective resolution of the nonperforming loan overhang.

Keywords: ISCR; CR; credit growth; sovereign bond; interest rate; credit market; demand and supply equation; credit demand and supply function; credit supply; consumer housing credit; opportunity cost; Credit; Sovereign bonds; International bonds; Financial sector; Commercial banks; Global; Africa (search for similar items in EconPapers)
Pages: 29
Date: 2016-11-29
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