IMF concludes Cabo Verde mission and calls for budgetary discipline
By the AFREEQUE newsroom, based on Expresso das Ilhas
A team from the International Monetary Fund has concluded its mission to Cape Verde, devoted to the eighth and ninth reviews of the Extended Credit Facility arrangement and the fourth and fifth reviews of the Resilience and Sustainability Facility arrangement. The IMF considers budgetary discipline essential to preserve the gains made, while the government is asking for more time to complete its support programmes, according to the weekly Expresso das Ilhas.
A team from the International Monetary Fund (IMF) has concluded a mission to Cape Verde devoted to the eighth and ninth reviews of the Extended Credit Facility (ECF) arrangement and the fourth and fifth reviews of the arrangement under the Resilience and Sustainability Facility (RSF), the weekly Expresso das Ilhas reports in its edition 1302. The IMF believes that maintaining budgetary discipline will be fundamental to preserving the gains made.
According to the IMF team, completing the outstanding structural reforms will be essential to consolidate these results in the future. The Cape Verdean government, for its part, is asking for more time to complete the support programmes.
This mission follows the IMF’s request, made on 28 October, for greater transparency in Cape Verde. The MpD, the main opposition party, for its part called on the government on 10 November to explain its "squandered economy".
