European Parliament Library

Cape Verde :, Fifth Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

This paper presents key findings of the Fifth Review under the Policy Support Instrument for Cape Verde. All quantitative assessment criteria for end-June 2008 were met. GDP growth remains generally resilient, and inflation pressures have been contained. Progress on structural measures has been steady despite delays on many measures. The authorities have scope to manage the external shocks because over the last few years, they have made faster-than-planned progress in both increasing international reserves and reducing domestic debt
Table Of Contents
Cover; Contents; Executive Summary; I. Better Preparedness is Helping to Weather Global Economic Challenges; II. Current Economic Setting and Performance Under the PSI; III. Report on the Discussions-Adjusting to the External Shocks; A. Adjusting PSI Targets to Ensure Cautious Use of Buffers; B. Implementing Fiscal Policy to Smooth Shocks; C. Strengthening Monetary Management to Safeguard Financial Stability; Boxes; 1. Strengthening Public Debt Management; IV. Program Monitoring; V. Staff Appraisal; Figures; 1. Fiscal Performance, 2004-09; 2. Monetary Developments, 2007-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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