Cape Verde - Debt Management Performance Assessment (DeMPA)
A World Bank mission undertook applied the Debt Management Performance Assessment (DeMPA) methodology to evaluate the government’s debt management (DM) capacity and institutions in Cabo Verde during March 28 to April 5, 2022. The assessment covers...
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| Language: | English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099250006132222827/P17867900256260ef08ad203a8882bf38f3 http://hdl.handle.net/10986/37562 |
| Summary: | A World Bank mission undertook
applied the Debt Management Performance Assessment (DeMPA)
methodology to evaluate the government’s debt management
(DM) capacity and institutions in Cabo Verde during March 28
to April 5, 2022. The assessment covers the legal,
institutional, and regulatory framework governing DM. The
primary counterpart was the Ministry of Finance (MoF) and
within it, the Department of the National Treasury /
Financial Operations Service which is the main DM office for
the central government. The mission identified DM strengths
and areas in need of reform, which are useful for measuring
progress in DM capacity, supporting policy dialog with the
authorities in the context of the second series of the
Development Policy Financing operation (DPF). The policy
dialogue helped to build on what has changed since the 2016
DeMPA and discussing persisting gaps in government debt
management practices. Reducing debt vulnerabilities is an
urgent priority for the government of Cabo Verde and would
require a combination of debt reprofiling, higher economic
growth and fiscal consolidation. With limited space to
borrow, it would also require effective Debt Management. |
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