Access under the ECF stands at 220% of quota, totalling $71.64 million, while access under the RSF stands at 100% of quota, totalling $32.55 million.

Schindler said Executive Board approval would allow disbursement of $3.26 million under the ECF. Schindler said completion of the RSF review would allow disbursement of up to $7.25 million, conditional on RSF reform progress.

Schindler said Cabo Verde recorded a strong performance in 2025, with real gross domestic product (GDP) growth of 6.3%, supported by record tourist arrivals, resilient private consumption plus higher public investment. Annual average inflation of 2.3% was described as consistent with the exchange rate peg. The primary fiscal balance reached 3.1% of GDP, exceeding the programme target, supported by spending discipline plus strong revenues, including one-off factors. The current account recorded a surplus of 3.7% of GDP.

Gross international reserves reached €1 070 million at end‑2025, equivalent to $1.26 billion, plus 7.6 months of prospective imports.

Under the ECF, Schindler said all end‑December 2025 quantitative performance criteria plus continuous performance criteria were met. Structural benchmarks were described as broadly on track, with delays noted in the publication of audited statements for all state-owned enterprises. Under the RSF, Schindler cited progress on expansion of the unique social registry, development of a climate architecture for banks, plus movement toward cost-reflective tariff frameworks for electricity plus water, with slower implementation linked to capacity constraints plus reform complexity.

Schindler said the near-term outlook remains stable, with 2026 growth projected at 4.7%, supported by tourism momentum plus diversion effects positioning Cabo Verde as a safe destination. The outlook assumes oil price increases are temporary, with downside risks linked to higher energy plus food import prices, plus potential declines in tourism plus remittances if external demand weakens.

–IMF/ChannelAfrica–