The International Monetary Fund published the 2025 Article IV consultation materials for Cabo Verde alongside the seventh review under the Extended Credit Facility arrangement and the third review under the Resilience and Sustainability Facility arrangement, pointing to strong recent growth and broadly stable macroeconomic conditions while highlighting climate risks, state-owned enterprise pressures and global uncertainties. Economic growth is projected at 5.2% in 2025 after 7.2% in 2024, driven by strong tourism and resilient consumption. Inflation is described as stable around the 2% target, following an average of 1.0% in 2024. International reserves are assessed as adequate to protect the peg, and the current account recorded a surplus in 2024; the report also notes upcoming legislative elections in April 2026 and presidential elections in October 2026.
International Monetary Fund 2026-02-26
International Monetary Fund publishes Cabo Verde Article IV and programme review report projecting 5.2% growth in 2025
The International Monetary Fund released the 2025 Article IV consultation materials for Cabo Verde, highlighting strong growth and stable macroeconomic conditions amid climate risks and global uncertainties. Economic growth is projected at 5.2% in 2025, with stable inflation around 2% and adequate international reserves. The report also notes upcoming legislative and presidential elections in 2026.