Africa: Cabo Verde Takes Strategic Steps to Strengthen Fiscal Sustainability and Create Fiscal Space

Africa: Cabo Verde Takes Strategic Steps to Strengthen Fiscal Sustainability and Create Fiscal Space

Press Release - The Government of Cabo Verde (GoCV) is undertaking a series of reforms to strengthen fiscal sustainability and accelerate inclusive economic growth. According to the new Public Finance Review (PFR) released today by the World Bank, securing these reforms requires a more efficient fiscal policy that enhances domestic revenue mobilization and improves the quality of public spending.

Cabo Verde: World Bank recommends 'more efficient fiscal policy'

The World Bank recommended on Thursday that Cabo Verde adopt a “more efficient fiscal policy” to implement reforms that strengthen fiscal sustainability and accelerate inclusive economic growth. “According to the new Public Finance Review (PFR) released by the World Bank Group, implementing these reforms requires a more efficient fiscal policy that increases domestic revenue mobilisation and improves the quality of public spending,” it said in a…