• IMF staff concluded a review under the ECF and RST programs.
• The country will access $13.98 million following satisfactory performance.
• Growth is projected at 5.2% in 2025, with inflation near 2%.

Cape Verde is set to receive $13.98 million from the International Monetary Fund (IMF) under its ongoing reform programs, according to Martin Schindler, head of the IMF mission.

In a statement released on November 4, 2025, the IMF announced that an agreement had been reached with Cape Verdean authorities following a review of programs supported by the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF). The disbursements include $3.23 million under the ECF and $10.75 million under the RSF.

The results achieved under the ECF program were deemed satisfactory. ““All end-June 2025 ECF quantitative performance criteria (PCs) and continuous PCs as well as indicative targets (IT) were met. No Structural Benchmarks (SBs) were due for this review..”

Regarding the RSF, reform implementation is progressing, although three measures are expected to be completed by the end of the current review pending final documentation.

The archipelago’s economy continues to perform well, driven by strong tourism, resilient exports, and private consumption growth. However, the IMF warned of several downside risks, including global trade uncertainty, external vulnerabilities in the energy, food, and tourism sectors, and the effects of extreme weather events.

For the current year, the IMF projects economic growth of 5.2%, with inflation expected to remain close to 2%.