IMF Staff Country Reports

Cabo Verde: Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility and Request of Rephasing of Availability Dates-Press Release; and Staff Report

Publication Date:

July 30, 2024

Electronic Access:

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Summary:

Cabo Verde continues to recover well from recent shocks. The authorities have maintained macro stability and remain committed to the ECF and RSF objectives. Macroeconomic performance was strong in 2023 with real GDP growth at 5.1 percent, low inflation, and a prudent level of reserves to protect the peg. The public debt-to-GDP ratio continues on a downward path, reflecting growth and a record 2023 primary surplus. The country is politically stable.

Series:

Country Report No. 2024/257

Subject:

Budget planning and preparation Climate change Economic sectors Environment External debt Fiscal policy Fiscal risks Fiscal stance Public debt Public enterprises Public financial management (PFM) Revenue administration Tariffs Taxes

Frequency:

regular