Cabo Verde: Fifth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Quantitative Performance Criterion, Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustain

Fifth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Quantitative Performance Criterion, Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

Author: International Monetary Fund. African Dept.

Cabo Verde: Fifth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Quantitative Performance Criterion, Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement

Volume/Issue: Volume 2025 Issue 043

Publication date: February 2025

ISBN: 9798229001496

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Industries - Hospitality Travel and Tourism , Environmental Economics , Budget planning and preparation , Fiscal stance , Tourism , Climate change , Debt sustainability , Debt sustainability analysis , Fiscal risks , Debt service , Public enterprises

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Summary

Cabo Verde's recent strong economic growth is driven by tourism, exports, private consumption, and remittances, but hampered by slow government investment. The government has maintained macro-financial stability but faces risks from global uncertainties, supply chain issues, and commodity price fluctuations.