The Bank of Cape Verde said it took part in an International Monetary Fund assessment mission from April 27 to May 8 under the eighth review of Cape Verde’s Extended Credit Facility and the fourth review of its Resilience and Sustainability Facility. The main outcome, according to the IMF’s end-of-mission statement cited by the central bank, was a staff-level agreement with Cape Verdean authorities on the policies needed to complete both reviews. Final completion remains subject to approval by the IMF Executive Board and could unlock further disbursements under the two programs. The mission assessed performance under the IMF-supported economic and financial program, including compliance with quantitative targets, progress on structural reforms and measures linked to climate resilience and macroeconomic sustainability. Discussions covered recent economic developments and the macroeconomic outlook, monetary policy, financial stability, international reserve accumulation, budget execution, public debt, fiscal reforms, and state-owned enterprise reforms and privatization or concession plans. The IMF highlighted strong economic performance in 2025, driven by tourism growth, current account and primary fiscal surpluses, and historically high international reserves, while also pointing to downside risks from the international environment, including the effects of the war in the Middle East on energy and food prices and on external demand.

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