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FEC programs for Cape Verde: IMF approves $10 million disbursement

11/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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In a statement released on Saturday, February 7, 2026, the Fund announced that an agreement had been reached with the Cape Verdean authorities, following a review of programs supported by the Extended Credit Facility (FEC) and the Resilience and Sustainability Facility (FRD).

Cape Verde could receive 10.48 million Monetary Fund international (FMI ) , as part of ongoing reform programs, in indiqué Bo Li, deputy director general and acting president of the institution. The planned disbursement amounts to $3.25 million and $7.23 million, respectively under the FEC and the FRD. The results obtained in the the framework of the FEC program were considered satisfactory.

According to the release, “all criteria of quantitative performance (CP), continuous CPs and indicative end goals (TI) June 2025 were respected, with the exception of the computer system of September 2025 on social spending.”

The IMF urged the authorities to pursue prudent macroeconomic policies. The bet implementing reforms aimed at stimulating productivity, promoting inclusive growth and strengthening the resilience of the economy is a essential lever for maintaining stability and supporting the trajectory of development of the country.

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