Release Date: February, 2012

Cape Verde's authorities have tightened fiscal and monetary stances and have significantly reduced the gaps with program targets. Tax revenues held up well, but there were shortfalls in nontax more...

Release Date: July, 2011

Release Date: December, 2010

The development policy of Cape Verde has evolved in a setting of severe structural constraints and persistent restrictions, with potential impediments to growth. The ongoing process of change adopts more...

Release Date: December, 2010

Cape Verde has demonstrated notable economic and policy resilience. The public investment program should be completed, but new external borrowing should be limited to restore fiscal buffers. The more...

Release Date: December, 2009

This paper discusses key findings of the Seventh Review Under the Policy Support Instrument for Cape Verde. All assessment criteria were met with a margin, and all but three structural benchmarks more...

Release Date: June, 2009

This paper discusses key findings of the Sixth Review under the Policy Support Instrument (PSI) for Cape Verde. Policy implementation under the PSI-supported program continues to be strong; all PSIs more...

Release Date: January, 2009

This paper presents key findings of the Fifth Review under the Policy Support Instrument for Cape Verde. All quantitative assessment criteria for end-June 2008 were met. GDP growth remains generally more...

Release Date: July, 2008

This paper focuses on Poverty Reduction and Growth Strategy Paper–II (GPRSP II) for Cape Verde. The GPRSP II is formulated with reference to five major strategic aims concerning good governance, more...

Release Date: July, 2008

This Selected Issues paper examines macroeconomic challenges for a highly tourism-based economy such as Cape Verde. The changing structure of Cape Verde's balance-of-payments financing calls for a more...

Release Date: July, 2008

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper–II for Cape Verde. Important progress was made in poverty reduction, but rural poverty still remains high. The more...

Release Date: July, 2008

Over the last several years, Cape Verde has achieved a major economic transformation that is a tribute to its sound homegrown economic reform program. This 2008 Article IV Consultation highlights more...

Release Date: January, 2008

Cape Verde showed strong economic performance owing to its strong policies and macroeconomic stability under the Policy Support Instrument (PSI). Executive Directors appreciated the authorities' plan more...

Release Date: February, 2007

This paper discusses key findings of the First Review Under the Policy Support Instrument (PSI) for Cape Verde. The PSI seeks to reduce macroeconomic risks, provides a margin of safety against more...

Release Date: September, 2006

This report summarizes the First Annual Progress Report on the Poverty Reduction and Growth Strategy (PRGS) program. It assesses the status of the strategy implementation and monitoring mechanism, more...

Release Date: September, 2006

The Joint Staff Advisory Note (JSAN) reviews the First Annual Progress Report (APR) of Cape Verde on the Poverty Reduction Strategy Paper (PRSP) under the Policy Support Instrument (PSI). The JSAN more...

Release Date: September, 2006

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 more...

Release Date: September, 2005

The staff report for the 2005 Article IV Consultation for Cape Verde focuses on economic developments and fiscal policy. The fiscal deficit was lower than expected, and reserve accumulation exceeded more...

Release Date: February, 2005

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 more...