The Bank of Cape Verde reported its participation in the International Monetary Fund’s AFRITAC West 2 12th Steering Committee meeting in Abuja on 7 July 2025, where members were briefed on capacity development delivered in fiscal year 2025, considered the fiscal year 2026 work plan for committee approval, and discussed the centre’s financial position and the impact of activities across member-country workstreams. Authorities from member countries joined panels on reforms and outcomes linked to AFRITAC West 2 support, including national accounts and price statistics, monetary policy and financial supervision, and domestic revenue mobilisation and public financial management. Participants also flagged a need to close the current funding gap to ensure delivery of the centre’s Phase III programme and enable new work areas, while noting that several member countries and development partners have already pledged or contributed funding for Phase III. The Bank of Cape Verde delegation included Administrator Elias Pereira and Naldino Delgado, coordinator for insurance supervision, pension funds and management of the motor guarantee fund.
Bank of Cape Verde 2025-08-07
Bank of Cape Verde participates in IMF AFRITAC West 2 steering committee reviewing FY2026 work plan and Phase III financing needs
The Bank of Cape Verde participated in the IMF's AFRITAC West 2 12th Steering Committee meeting, discussing fiscal year 2025 capacity development and the fiscal year 2026 work plan. Key topics included national accounts, monetary policy, and public financial management, with a focus on closing the funding gap for Phase III programme delivery. Several member countries and development partners have pledged or contributed funding for Phase III.