01561cas a2200241 a 4500 AALejournalIMF000951 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451809251 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Cape Verde : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (97 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes economic developments in Cape Verde during 1990-99. Although the GDP growth rates accelerated, unemployment remained at the high level of about 25 percent and fiscal policies, until 1996, unsustainably lax. This situation resulted in the rapid accumulation of domestic debt and the depletion of foreign reserves to a level as low as half a month of imports in early 1996. Largely as a result of fiscal contraction and droughts, growth rates of real GDP during 1996-98 seemed to have slowed down to some extent. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1999/058 Full text available on IMF http://elibrary.imf.org/view/journals/002/1999/058/002.1999.issue-058-en.xml IMF e-Library