Cabo Verde: Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde
Electronic Access:
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Summary:
Cabo Verde has weathered the recent shocks well, and the authorities have been successful in maintaining macro-financial stability, supported by international partners. Despite a challenging global environment, Cabo Verde’s economy rebounded strongly in 2021 and 2022 and continues its strong macroeconomic performance in 2023.The near-term growth outlook is favorable despite some downside risks. Inflation is decelerating. The country is politically stable. However, Cabo Verde still faces substantial vulnerabilities. The public debt-to-GDP ratio though declining is still above pre-pandemic levels. Climate change poses a major threat, as Cabo Verde is one of the most water-scarce countries in the world.
Series:
Country Report No. 2024/009
Subject:
Climate change Environment External debt Fiscal risks International organization Monetary policy Public debt Public financial management (PFM) Revenue administration
Frequency:
regular
English
Publication Date:
January 16, 2024
ISBN/ISSN:
9798400265129/1934-7685
Stock No:
1CPVEA2024001
Format:
Paper
Pages:
142
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