02054cas a2200241 a 4500 AALejournalIMF018415 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484352328 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Cabo Verde : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (15 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 Selected Issues paper provides an overview of the nature and scope of corresponding banking relationships (CBRs) withdrawals in Cabo Verde and discusses policy options to address this challenge. The paper reports the results of a bank level survey and employs the minimum scope framework developed by Grolleman and Jutrsa (2017) on Cabo Verdean bank level data for 2014-2017. Banks in Cabo Verde have experienced a reduction in CBRs since 2013. Bank level survey shows that the terminations are broad based and involves both the central bank and commercial banks. The impact on the banking system has so far been minimal but banks reported facing increased cost of US dollar transactions. The results using the minimum scope framework shows that value of payment flows declined significantly between 2014 and 2016. There is a need for coordinated efforts by all relevant stakeholders at the institutional, national, and regional levels to contribute their knowledge and skills to the resolution of the problem. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/105 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/105/002.2018.issue-105-en.xml IMF e-Library