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…