Cape Verde: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 046

Publication date: February 2005

ISBN: 9781451809374

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , PRGF loan , PRGF arrangement , cape Verdean authorities , government , development challenge , government's liability , Credit , International reserves , Public investment spending , Africa , West Africa , Europe , Global

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Grenada

Peru

Republic of Congo : 2001 Article IV

Summary

This paper discusses Cape Verde’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Cape Verde’s economic and policy performance is largely on track vis-à-vis the PRGF objectives. All quantitative and structural performance criteria for end-June 2004 and all indicative targets for end-September 2004 were observed, as were all but three structural benchmarks. Of these three, one has now been met and the authorities are making progress toward complying with the other two. GDP growth of 4 percent is now expected in 2004.