Brazil

IMF approves examination and dispensation to Cape Verde, highlights resilience

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The International Monetary Fund (IMF) has approved the second evaluation of Cape Verde's assistance plan and authorized an additional six million dollars disbursement.The IMF praised Cape Verde's strong performance, highlighting its economic recovery and growth of 17.7% in 2022.However, the IMF also warned about the country's vulnerability to external shocks and climate-related disruptions, emphasizing the need for sustained progress to safeguard economic stability, build resilience, and promote inclusive growth.The approved evaluation represents Cape Verde's third tranche of financial support under the 36-month Extended Credit Facility (ECF) program.With this disbursement ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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Category: Brazil