Cabo Verde

Abstract

Cover -- CONTENTS -- CONTEXT -- RECENT ECONOMIC DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Restoring Fiscal and Debt Sustainability -- B. Monetary Policy -- C. Financial Sector Issues -- D. Public Enterprises Reforms -- E. Other Structural reforms -- PROGRAM OBJECTIVES AND MODALITIES -- STAFF APPRAISAL -- BOXES -- 1. Status of the 2018 Article IV Consultation Main Recommendations -- 2. Non-Performing Loans Issues -- 3. Risk Assessment Matrix -- 4. The Tourism Sector - Background and Growth Prospects -- 5. Public Enterprises Sector - Issues and Reforms -- FIGURES -- 1. Recent Economic Developments -- 2. External Sector Developments -- 3. Fiscal Sector Developments -- 4. Monetary Developments -- 5. Cabo Verde's Performance Compared to Small Middle-Income Countries -- TABLES -- 1. Selected Economic Indicators, 2015-24 -- 2. Balance of Payments, 2015-24 -- 3a. Statement of Operations of the Central Government, 2015-24 (Millions of Cabo Verde Escudos) -- 3b. Statement of Operations of the Central Government, 2015-24 (Percent of GDP) -- 4. Monetary Survey, 2015-24 -- 5. Financial Soundness Indicators of the Banking Sector, 2010-18 -- 6. Implementation Status of the Recommendations of the 2009 FSAP -- 7. Schedule of Reviews Under the PCI, 2019-21 -- ANNEX -- I. External Stability Assessment -- APPENDICES -- I. Program Statement -- II. Program Statement for the Period July 2019-January 2021 -- Attachement I. Technical Memorandum of Understanding -- CONTENTS -- RELATIONS WITH THE FUND -- WORLD BANK AND IMF COLLABORATION -- STATISTICAL ISSUES.