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

February 10, 2005

Preview Citation

Format: Chicago

Cape Verde: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 25, 2024

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.

Subject: Central banks, Expenditure, External debt, Money

Keywords: Africa, Cape Verdean authorities, CR, Credit, Development challenge, Europe, Global, Government, Government's liability, International reserves, ISCR, PRGF arrangement, PRGF loan, Public investment spending, West Africa

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/046
Stock No:

1CPVEA2005001
ISBN:

9781451809374
ISSN:

1934-7685

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