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Cabo Verde Economic Update : Rebounding from the Crisis - Restoring Fiscal Sustainability and Leveraging the Private Sector for a more Resilient and Sustainable Recovery (English)

The objective of this report is to provide an update to the Government of Cabo Verde, think-tanks and researchers, and the public on the state of the Cabo Verde economy and its outlook, together with the structural reforms required to strengthen the foundations for private sector-led recovery from the COVID-19 crises. The report begins with a chapter on recent economic developments, the medium-term outlook, and risks. It includes sections on growth, fiscal policy, public debt, the external sector, monetary developments, and inflation. The second chapter stresses the importance of improving the investment climate to leverage the role of the private sector for an inclusive economic recovery. It provides an overview of key challenges and actionable policy priorities around foreign direct investment, the business environment, and competition.

Details

  • Document Date

    2021/04/01

  • Document Type

    Report

  • Report Number

    160146

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cabo Verde,

  • Region

    Africa West, Africa,

  • Disclosure Date

    2021/09/09

  • Disclosure Status

    Disclosed

  • Doc Name

    Cabo Verde Economic Update : Rebounding from the Crisis - Restoring Fiscal Sustainability and Leveraging the Private Sector for a more Resilient and Sustainable Recovery

  • Keywords

    fiscal risk; Micro, Small and Medium Enterprise; tourism sector; trade and investment; contingent liabilities; public debt; contingent liability; Fiscal and Debt Sustainability; Public and Publicly Guaranteed; investment promotion agency; global value chain; fiscal finance; Social Protection Delivery Systems; improving access to finance; Abuse of Dominant Position; export promotion agency; national food poverty line; state of emergency; disease prevention and control; investment policy and promotion; policy priority; domestic debt; minimum revenue guarantee; drag on growth; export of goods; public investment program; public debt burden; total public expenditure; national poverty line; central government debt; fiscal consolidation; loan guarantee; Fiscal Sustainability; financing need; Fiscal Risk Management; current expenditure; central government fiscal; expansionary fiscal policy; fiscal balance; distribution by ownership; extreme poverty rates; loss of income; taxes on goods; current account balance; global financial market; heavily indebted country; domestic private investment; exchange rate movement; purchasing power parity; current account deficit; risk of debt; additional fiscal resource; amount of loan; public health service; errors and omission; incidence of poverty; credit risk assessment; tax on income; provision of guarantee; fiscal deficit; fiscal revenue; low interest rate; average interest rate; public sector debt; entry into market; central government guarantee; increase in remittance; development of insolvency; process of reform; decline in poverty; per capita term; public procurement function; public sector participation; private sector entry; enforcement of competition; social and environmental; exchange rate risk; personal protective equipment; prudent fiscal policy; foreign direct investment; implementation of policies; balance of payment; Value for Money; downside risk; large debt; competition authority; external shock; net export; tax revenue; business environment; financial statement; fiscal restraint; prudent borrowing; vaccination campaign; competitive neutrality; Competition Law; feedback mechanism; insolvency procedure; Collateral Registries; mitigation measure; fishing sector; fishery sector; hotel chain; domestic supplier; national investment; electricity utilities; capital expenditure; private consumption; fiscal vulnerability; credit line; maritime sector; fiscal support; total debt; Capital Investments; social housing; tax payment; Cash Transfer; fiscal indicator; regulatory environment; recent development; real sector; labor productivity; resilient recovery; economic recovery; real gdp; emergency response; regulatory authority; resident representative; quick reaction; consumer confidence; privatization effort; tourism activities; tourism activity; supply side; legal framework; investment contract; private actor; global condition; resident population; exogenous shock; External Finance; healthcare worker; recovery rate; sea transport; Public Services; medical condition; in school; Armed Forces; national service; financial service; adequate oversight; civil society; market needs; institutional framework; competition policy; Business Regulation; demand shock; commercial rates; small economy; competition principles; competition advocacy; competition issue; executive branch; insurance companies; aftercare service; merger notification; market structure; new venture; operations analyst; communications campaign; license requirement; recovery period; applicable law; financial equilibrium; power company; program loans; budget support; financing source; negative equity; investment purpose; nontax revenue; government security; dramatic reduction; fiscal stance; subsidiary right; external financing; financial ratio; foreign debt; debt portfolio; debt service; foreign currency; domestic lending; external borrowing; domestic financing; privatization operation; emergency measure; annual budget; airport company

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Citation

Cabo Verde Economic Update : Rebounding from the Crisis - Restoring Fiscal Sustainability and Leveraging the Private Sector for a more Resilient and Sustainable Recovery (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/510001631216971397/Cabo-Verde-Economic-Update-Rebounding-from-the-Crisis-Restoring-Fiscal-Sustainability-and-Leveraging-the-Private-Sector-for-a-more-Resilient-and-Sustainable-Recovery