TY - BOOK ID - 133406005 TI - Cabo Verde : Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Public Finance KW - Exports and Imports KW - Macroeconomics KW - Diseases: Contagious KW - Banks and Banking KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - International Lending and Debt Problems KW - Debt KW - Debt Management KW - Sovereign Debt KW - Fiscal Policy KW - Health Behavior KW - Taxation, Subsidies, and Revenue: General KW - Monetary economics KW - International institutions KW - Public finance & taxation KW - International economics KW - Infectious & contagious diseases KW - Banking KW - Monetary policy KW - International organization KW - Public debt KW - External debt KW - International agencies KW - Debts, Public KW - Debts, External KW - Debt service KW - Fiscal policy KW - Communicable diseases KW - Cabo Verde UR - https://www.unicat.be/uniCat?func=search&query=sysid:133406005 AB - Cabo Verde’s economy is facing significant economic challenges associated with the lingering effects of the pandemic, as well as rising food and fuel prices triggered by the war in Ukraine. Climate change is also creating new difficulties after a fourth consecutive drought year. The economy rebounded strongly in 2021 following the COVID-19 induced recession in 2020, due in part to the authorities’ effective policy response, including one of the most successful vaccination programs in sub-Saharan Africa. However, the spillover effects of the Ukraine war are likely to weaken the economic recovery, worsen the fiscal and external positions, lead to higher inflation, and result in a substantial decline in international reserves. As a result, strong policy measures are needed to shore up international reserves, preserve debt sustainability, increase resilience to shocks, including climate change adaptation and mitigation, and make growth more inclusive. ER -