The Head of Mission of the International Monetary Fund (IMF), Martin Schindler, announced on Tuesday November 4, 2025 that a technical agreement had been concluded with the Government of Cape Verde. These investments concern programs to support the archipelago.

At a press conference, Martin Schindler, Head of Mission of the IMF said that the IMF team and the authorities Cape Verdean women “reached technical agreements on the 7th revision of the Extended Credit Facility (ECF) and on the 3rd and 4th revisions of the Resilience and Sustainability (RD) program”. Approximately $3.23 million related to the FEC will be disbursed compared to around 10.7 million dollars for the R&D program revisions. For him, the reforms of the Facility for resilience and sustainability (FRD) “are ongoing and the three measures planned for this review should be finalized.”

Cape Verde's economic outlook remains solid and the IMF maintains its forecasts of “growth of 5.2% for this year, with inflation converging to 2%, in accordance with the eurozone average” added Mr Schindler.