Cape Verde: 2008 Article IV Consultation and Fourth Review Under the Policy Support Instrument-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

International Monetary Fund

No 2008/248, IMF Staff Country Reports from International Monetary Fund

Abstract: Over the last several years, Cape Verde has achieved a major economic transformation that is a tribute to its sound homegrown economic reform program. This 2008 Article IV Consultation highlights that real per capita GDP in Cape Verde has increased on average by more than 7 percent a year since 2001, faster than most small island economies and the average for sub-Saharan Africa. Policy implementation under the Policy Support Instrument (PSI) is also strong. All PSI quantitative assessment criteria for end-December 2007 were met with wide margins.

Keywords: ISCR; CR; growth prospect; authority; Cape Verde's PSI; IMF's framework; cape Verdean authorities; PSI-supported program; Policy agenda; monetary management; Tourism; Balance of payments statistics; Credit; Government finance statistics; Sub-Saharan Africa; Africa; Global (search for similar items in EconPapers)
Pages: 75
Date: 2008-07-24
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