Cabo Verde: Second Review Under the Policy Coordination Instrument and Request for Modification of Targets

International Monetary Fund

No 2020/297, IMF Staff Country Reports from International Monetary Fund

Abstract: The Cabo Verdean economy is facing considerable challenges stemming from the impact of the COVID-19 pandemic. Prior to the health crisis, economic growth was robust, the fiscal and external positions were improving, reserves were at comfortable levels, and public debt was on a downward trajectory. The pandemic is threatening to erode these gains and has generated significant financing needs. The authorities have been implementing policy and healthcare measures to address the fallout of the pandemic and protect vulnerable groups while seeking to safeguard macroeconomic stability.

Keywords: ISCR; CR; Cabo Verde economy; reform implementation effort; Cabo Verde's economy; borrowing policy; Cabo Verde's vulnerability; SOEs reform; vulnerabilities to plunge; advance SOEs; Cabo Verdean authorities; growth prospect; COVID-19; Debt sustainability analysis; Global; Southern Europe; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 83
Date: 2020-11-10
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