IMF supports Cabo Verde’s reforms with new programme

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The International Monetary Fund has approved a non-financing programme with the small West African island country of Cabo Verde to bolster macroeconomic stability and encourage structural reforms.

The 18-month Policy Co-ordination Instrument (PCI) will build on the national authorities’ efforts to reduce the budget deficit, promote growth and enhance the monetary policy framework. The IMF calls on the Bank of Cabo Verde (BCV) to increase communication of its policies, and strengthen banking

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