Cape Verde:2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ca

2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

2006 Article IV Consultation and Request for a Three-Year Policy Support Instrument—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde
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Volume/Issue: Volume 2006 Issue 334
Publication date: September 2006
ISBN: 9781451809435
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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 , government , Cape Verde government , ADP , government of Cape Verde , Electra , cape Verdean authorities , government of the United Kingdom , IMF endorsement , e-government initiative , PSI framework , International reserves , Arrears , Credit , Global

Summary

Cape Verde’s economic and policy performance remains sound under the Poverty Reduction and Growth Facility (PRGF) arrangement supported by Policy Support Instrument (PSI). Executive Directors commended the prudent macroeconomic policies and structural reforms. They emphasized the need for strengthening economic management through building capacity in fiscal management and policy formulation. They advised that particular attention should be given to improving the public sector and regulatory reforms, and strengthening the regulatory framework for the energy and financial sectors.