Premium IMF deputy director starts official visit to Cape Verde today

Tao Zhang

Tao Zhang

Tao Zhang, the deputy director of the International Monetary Fund (IMF), begins an official visit to Cape Verde, where he will hold another annual consultation, the Cape Verdean executive said.

According to a note from the Cape Verdean Government, "the country's relations with the IMF have been assuming various modalities over the years, at this time they are only annual consultations."

The executive believes that "the best way to deepen relations with the IMF is through a program supported by the Policy Coordination Instrument (PCI)" that aims at a "more effective involvement of the IMF in order to ensure economic stability and, at the same time, to promote the acceleration of economic growth and employment - an indispensable condition for reducing poverty in its various manifestations."

"In recent years, Cape Verde has taken firm steps to ensure macroeconomic stability and promote sustainable growth, with support from development partners, including the IMF," according to the Cape Verdean government.

During his visit to Cape Verde, Tao Zhang and his delegation will participate in "an intense program of contacts with the national authorities," among them the Prime Minister, the Minister of Finance, the Secretary of State for Finance, MEPs and financial sector.

Tao Zhang will be in Cape Verde until Saturday.