ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Law / Military

Cabo Verde : 2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for Cabo Verde

| £7.07 | €8.24 | Ca$12.47 | Au$12.34
by International Monetary Fund. Afri Dept.
What is this?DRM-EPUB | by download   add to wish list
Cabo Verde : 2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for Cabo Verde by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Over the last two decades, good governance and sound macroeconomic management have delivered remarkable economic and social progress to Cabo Verde. More recently, however, growth has slowed due to the prolonged downturn in Europe and a sharp deterioration in domestic confidence. A longer-term decline in the contribution of total factor productivity to growth may also have played a role. Financial stability risks have increased with the rise in non-performing loans and fall in bank profitability. The country remains vulnerable to external shocks, given its dependence on tourism, remittances, and concessional financing. Over the longer term, Cabo Verde?s challenge as a new middle-income country is to bolster productivity and diversify the sources of growth. Fiscal consolidation remains critical to safeguard macroeconomic and debt sustainability. Budgetary plans for 2014 and the medium term entail rising public debt, and are subject to downside risks to revenue. The authorities have already decided on a package of expenditure containment measures for 2014?17. However, given the high albeit sustainable level of public debt, further measures are needed to put public debt on a more robust downward path. Bolstering domestic revenue mobilization, increasing the efficiency of public investment, and managing existing infrastructure better are also central to sound public finances. International reserves have recovered, which provided room to ease monetary policy in support of the recovery. In the absence of imminent pressures on the balance of payments or on prices, and with private sector credit growth having stalled, the central bank has cut the policy rate. At the same time, given pressures on the banking system, continued vigilance regarding risks to financial stability is warranted. Structural reforms hold the key to bolstering competitiveness, creating jobs, and delivering inclusive growth. Increasing labor market efficiency and reducing skill mismatches would be particularly beneficial in this regard. Enhancing the efficiency of state-owned enterprises is also essential to improve delivery of infrastructure services. Data are adequate for surveillance purposes, though some key shortcomings remain. In particular, national accounts data are released with a long delay. This complicates the formulation of macroeconomic policies.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 644766

Ebook Details
Pages: 79
Size: 1.4 MB
Date published:   2014
ISBN: 9781498350747 (DRM-EPUB)

DRM Settings
Copying:not allowed
Printing:of 20 pages allowed
Read Aloud:  not allowed

This product is listed in the following category:

Nonfiction > Law > Military

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Social Science
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Real Estate > Mortgages
Nonfiction > Political Science
Nonfiction > Political Science > Public Affairs & Administration
Nonfiction > Social Science > Poverty
Nonfiction > Business & Economics > Development > Economic Development
Nonfiction > Business & Economics > Labor
Nonfiction > Business & Economics > Public Finance
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Economic Conditions
Nonfiction > Medical > Infectious Diseases
Nonfiction > Law > Military

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2017