Cape verde: Third Review Under the Three-year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria

December 31, 2003

Preview Citation

Format: Chicago

Cape verde: Third Review Under the Three-year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

The performance criteria have not been met, but Executive Directors commend the government for taking corrective actions and for their commitment to maintain the pace of structural reforms. The government is urged to prepare a quality poverty reduction strategy paper as quickly as possible. Progress has been made in preparing to implement the value-added tax and the new customs tariffs. The government’s strong track record of pursuing prudent fiscal and monetary policies while redirecting public expenditures toward key social services is commended.

Subject: Central Banks, Expenditure, External debt, Money, Poverty

Keywords: Africa, Cape Verdean authorities, CR, Development partner, Government, Government accountability, International reserves, ISCR, Monetary base, Poverty reduction strategy, PRGF arrangement, PRGF loan

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/402
Stock No:

1CPVEA0062003
ISBN:

9781451809367
ISSN:

1934-7685

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