Cape Verde: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

International Monetary Fund

No 2004/304, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Cape Verde’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. Economic performance in 2003 was better than programmed in many respects: real GDP growth was higher, inflation was lower, the fiscal and external current account deficits were smaller, and the terms of trade were stronger. Stronger economic growth reflected the continued rapid growth in tourism and a rebound in agriculture following drought conditions in 2002.

Keywords: ISCR; CR; PRGF arrangement; government; broad money growth; June; PRGF loan; PRGF-supported program; performance benchmark; International reserves; Poverty reduction strategy; Credit; Africa; West Africa (search for similar items in EconPapers)
Pages: 62
Date: 2004-09-23
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