Cape Verde signs new cooperation agreement with IMF

2 May 2006

Praia, Cape Verde, 02 May – Cape Verde is due to sign a new cooperation agreement with the International Monetary Fund (IMF), which will include boosting government structures, the archipelago’s Finance Ministry said.

The negotiation of the new agreement, which follows the successful completion of the IMF-monitored macroeconomic stability program, will take place in the next two weeks in Praia, where an IMF mission ahs been since Friday, headed by Maitland Macfarlan.

“The new agreement, which may possibly be signed this year, includes an important structural element, aims to consolidate the progress achieved in macroeconomic management and send a strong message to partners and investors about the quality of the policies underway,” a statement issued by the Finance and Public Administration Ministry said.

The IMF mission, due to remain in Cape Verde until May 16, will meet with the ministers of Finance and Public Administration, Work, Family and Solidarity, Environment and Agriculture, the Economy and Competition.

Work is due to begin today with a meeting with Finance and Public Administration Minister João Serra. (macauhub)