(AGENPARL) - Roma, 25 Gennaio 2023(AGENPARL) – mer 25 gennaio 2023 [IMF Country Reports](http://www.imf.org/external/pubs/cat/scr1_sp.aspx?s_year=1997&e_year=2012&brtype=default)
[Open in your browser](http://www.imf.org/en/Publications/CR/Issues/2023/01/24/Cabo-Verde-First-Review-Under-the-Extended-Credit-Facility-Arrangement-Press-Release-and-528531?cid=em-COM-123-46007)
http://www.imf.org/en/Publications/CR/Issues/2023/01/24/Cabo-Verde-First-Review-Under-the-Extended-Credit-Facility-Arrangement-Press-Release-and-528531?cid=em-COM-123-46007
[Country Report No. 2023/044 : Cabo Verde: First Review Under the Extended Credit Facility Arrangement-Press Release; and Staff Report](http://www.imf.org/en/Publications/CR/Issues/2023/01/24/Cabo-Verde-First-Review-Under-the-Extended-Credit-Facility-Arrangement-Press-Release-and-528531?cid=em-COM-123-46007)
JANUARY 24, 2023
http://www.imf.org/en/Publications/CR/Issues/2023/01/24/Cabo-Verde-First-Review-Under-the-Extended-Credit-Facility-Arrangement-Press-Release-and-528531?cid=em-COM-123-46007
The IMF Board approved a 36-month ECF arrangement for Cabo Verde in June 2022. The program aims to: strengthen public finances and put debt on a downward path; reduce fiscal risks from public enterprises and improve their financial management; modernize the monetary policy framework and improve resilience of the financial system; and raise the growth potential. Cabo Verde was hit hard by the COVID-19 pandemic. The recovery is now underway, and the economy has recorded five consecutive quarters of growth, supported by a rebound in tourism. The fiscal position has improved, the debt-to- GDP ratio is on a downward path, reserves are within the target range, and the financial sector remains resilient. However, spillovers from Russia’s invasion of Ukraine have led to double-digit increases in energy and food prices.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2023/01/24/Cabo-Verde-First-Review-Under-the-Extended-Credit-Facility-Arrangement-Press-Release-and-528531?cid=em-COM-123-46007)
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