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 the programmed level. Cape Verde appears well positioned to attract increasing external support,...

The Poverty Reduction Strategy Paper (PRSP) will draw on the national poverty alleviation plan, the grand options plan, and the national development plan. The government has successfully implemented a macroeconomic stabilization program, formulated a plan to support private sector development,...

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, human capital, competitiveness, infrastructure building, and social cohesion. In identifying and...

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 a transformation strategy closely linked to the consolidation of a democracy based on sound...

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 recommends that the timeliness and reliability of data for the monitoring and evaluation of the...

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Cape Verde. The PRSP presents an appropriately ambitious economic outlook, with real GDP growth projected to rise to 7 percent in 2007. The overall macroeconomic framework of the PRSP is based on a rising...

This paper examines the Poverty Reduction Strategy Paper (PRSP) Preparation Status Report for Cape Verde. On the road map to full PRSP, significant progress has been made in the context of preparation of the PRSP. The government has approved the National Development Plan (NDP). The programs and...

This paper presents the Joint Staff Assessment of Cape Verde’s Poverty Reduction Strategy Paper Preparation Status Report (PRSP PSR). The Council of Ministers reviewed a first draft of the PRSP in April 2004. The authorities later prepared a second PRSP PSR for presentation to the Boards of...

This paper focuses on Cape Verde’s Growth and Poverty Reduction Strategy Paper (DECRP). The Strategy of Growth and Poverty Reduction is an integral part of a strategic planning process. The institutional framework for the implementation of the DECRP is based on the existing administrative...

The performance criteria have not been met, but Executive Directors commend the government for taking corrective actions and for their commitment to maintain the pace of structural reforms. The government is urged to prepare a quality poverty reduction strategy paper as quickly as possible....