(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)
YOU MAY ALSO BE INTERESTED IN:
[COUNTRY INFO](http://www.imf.org/en/Countries)
[IMF VIDEOS](http://www.imf.org/external/mmedia/index.aspx)
[DATA TOOL](https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD)
[NEWS AND INTERVIEWS](http://www.imf.org/external/pubs/ft/survey/so/home.aspx)
[IMF BLOG](https://blog-imfdirect.imf.org/)
[F&D MAGAZINE](https://www.imf.org/external/pubs/ft/fandd/index.htm)
[EVENTS](https://www.imf.org/en/News/Seminars)
[PODCASTS](https://www.imf.org/en/News/Podcasts)
[NEWSLETTER](http://www.imf.org/newsletter)
FOLLOW US ON: