European Parliament Library

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

This paper discusses key findings of the Seventh Review Under the Policy Support Instrument for Cape Verde. All assessment criteria were met with a margin, and all but three structural benchmarks were met. Growth is holding up at 4 percent in 2009, and inflation is low. The authorities have responded to the global crisis by accelerating their largely externally financed investment program and by tightening monetary policy. IMF staff recommends completing the seventh review and modifying year-end assessment criteria on net international reserves, nonconcessional external borrowing, and domestic borrowing
Table Of Contents
Cover; Contents; I. Background and PSI Performance; A. Impact of the Global Economic Crisis and Outlook; B. Policy Response; C. Program Performance; II. Policy Discussions: Maintaining a low Risk of Debt Distress and Safeguarding Financial Stability; A. Fiscal Policy: Keeping a Low Risk of Debt Distress; B. Monetary Policy: Setting Interest Rates Consistent with the Peg; C. Financial Sector Reform: Improving Markets and Reducing Risks; III. Program Monitoring and Modifying PSI Targets; IV. Staff Appraisal; Tables; 1. Selected Indicators, 2006-14
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
Form Of Item

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