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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes the Third Review of the Extended Credit Facility Arrangement and Approves US$31.45 Million under the Resilience and Sustainability Facility for Cabo Verde

The RSF will support the government’s effort to implement macro-critical climate reforms and catalyze private finance for climate adaptation and transition

The IMF Executive Board completed the third review under the 36-month Extended Credit Facility (ECF) arrangement with Cabo Verde, providing the country with access to SDR 4.5 million (about US$6 million), and approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF), in the amount of 100 percent of…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2023 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement with Cabo Verde

The completion of the review allows the authorities to draw the equivalent of SDR 4.50 million (about US$ 6.00 million)

The IMF Executive Board completed the second review under the 36-month Extended Credit Facility with Cabo Verde, providing the country with access to SDR 4.50 million (about US$ 6.00 million); Cabo Verde’s performance under the program is strong. The economy rebounded strongly in 2022 growing 17.7 percent; Cabo Verde remains…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2023 Article IV Consultation and Second Review under the Extended Credit Facility Arrangement with Cabo Verde

An International Monetary Fund (IMF) team, led by Mr. Justin Tyson, visited Praia from May 2 to 9, 2023 for discussions on the Cabo Verde economy

IMF staff and the Cabo Verdean authorities have reached a staff-level agreement on economic policies to conclude the second review of the ECF-supported program, which would allow releasing US$6.08 million in financing. The IMF Executive Board will consider the review in the coming weeks; Cabo Verde was hit hard by…