Cabo Verde

At the request from the Central Bank of Cabo Verde, a Technical Assistance mission from the Monetary and Capital Markets Department visited Praia from March 19 to 28, 2025 to assist the authorities in operationalizing macroprudential policy and enhancing capacity for monitoring vulnerabilities. Key recommendations include strengthening institutional arrangements and inter agency coordination; addressing staffing and capacity constraints; tailoring the macroprudential strategy and communication to country specific risks; upgrading data, monitoring, and systemic risk assessment tools; and introducing core macroprudential instruments supported by continued IMF technical assistance and ongoing Basel III implementation.