Cape Verde: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

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International Monetary Fund, Feb 10, 2005 - Business & Economics - 62 pages
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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 track vis--vis the PRGF objectives. All quantitative and structural performance criteria for end-June 2004 and all indicative targets for end-September 2004 were observed, as were all but three structural benchmarks. Of these three, one has now been met and the authorities are making progress toward complying with the other two. GDP growth of 4 percent is now expected in 2004.
 

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Contents

Executive Summary
4
I Introduction
5
III Program Implementation Through September 2004
6
Boxes
9
IV Report on the Discussion
10
V Discussion of a Successor Program
14
VI Statistical Issues
15
Figures
17
Tables
20
Appendices
32
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