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Cabo Verde's risk of external and overall debt distress is rated "high" as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-2022 under the baseline and protractedly under...
Persistent link: https://www.econbiz.de/10012646578
In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk,...
Persistent link: https://www.econbiz.de/10014400380
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 monetary policy framework could be improved in the medium term. The Bank of Cape Verde should step up...
Persistent link: https://www.econbiz.de/10014402349
This paper focuses on Poverty Reduction and Growth Strategy Paper–II (GPRSP II) for Cape Verde. The GPRSP II is … respect to the established objectives and targets. The central objective of poverty reduction rests primarily upon structural …
Persistent link: https://www.econbiz.de/10014402894
Cape Verde’s economic and policy performance remains strong. Growth is expected to recover gradually in the next few years. The global economic slowdown has affected the performance of the onshore banking sector. Risks to the outlook are broadly balanced. Executive Directors support the...
Persistent link: https://www.econbiz.de/10014403554
The staff report for the Second Review under the Policy Support Instrument (PSI) of Cape Verde discusses the macroeconomic framework and recent developments. Cape Verde’s economic program under the PSI is designed to help the country prepare for the opportunities and challenges associated with...
Persistent link: https://www.econbiz.de/10014404559
poverty reduction strategy paper as quickly as possible. Progress has been made in preparing to implement the value-added tax …
Persistent link: https://www.econbiz.de/10014406507
implement structural reforms to establish the foundation for high rates of economic growth and poverty reduction. The medium …
Persistent link: https://www.econbiz.de/10014406577
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 strategy reports that Cape Verde is on track to … meet the Millennium Development Goal of halving extreme poverty by 2015. Despite progress made to date, the gap between …
Persistent link: https://www.econbiz.de/10014406816
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 closer look at the volatility of remittances and their role as an absorber of economic shocks....
Persistent link: https://www.econbiz.de/10014406817