Cape Verde (Vol 2, 2005)
in Africa Yearbook OnlineSearch for other papers by Gerhard Seibert in
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(2,521 words)
The IMF praised the country's economic performance. Considerably higher foreign aid, increased emigrant remittances and growing foreign direct investment in tourism sustained estimated GDP growth at 7%. However, given the economy's vulnerability to external shocks and persistent dependence on foreign assistance, the government feared the negative consequences of the expected graduation from the Least Developed Countries status, because of the possible loss of access to concessionary lending. Towards the end of the year, the country prepared for legislative and presidential elections in early 2006.
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Cape Verde (Vol 2, 2005)
in Africa Yearbook OnlineSearch for other papers by Gerhard Seibert in
Current site
Google Scholar
(2,521 words)