European Parliament Library

Cape Verde :, First Review Under the Policy Support Instrument and Requests for Waivers of Nonobservance and Modification of Assessment Criteria: Staff Report; Supplement; and Press Release

Cape Verde’s economic outlook and policy performance remain favorable. The government should complete implementation of the Public Investment Program (PIP), while reducing external debt. Executive Directors support efforts to rationalize and simplify the tax system and improve tax administration. The tight stance of monetary policy is constraining the growth of private credit to stabilize foreign reserves. The new banking law and finalizing the National Social Security Institute’s investment policy guidelines are necessary. Enhancing labor market flexibility will support the government’s transformation agenda. Risks to the program remain manageable
Table Of Contents
Cover; Contents; I. Background and PSI performance; A. Recent Developments and Outlook; B. Program Performance; II. Policy discussions; A. Fiscal policy: Balancing Investment-Led Growth with Debt Sustainability; B. Monetary Policy: A Restrictive Stance to Support the Exchange Rate Peg; C. Macroeconomic Policy Mix: Strengthening Coordination; Boxes; 1. The Monetary Policy Framework; D. Financial Sector Strategy: Enhancing the Regulatory Framework; E. Revitalizing State Owned Enterprises; F. Improving Labor Market Flexibility; 2. Labor Markets in Cape Verde; III. Program Monitoring
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (51 p.)
Specific Material Designation
Form Of Item

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