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Cabo Verde (Vol 11, 2014)

in Africa Yearbook Online
Author:
Gerhard Seibert
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(2,839 words)

In March, the central bank reduced the principal interest rates in an attempt to halt the downward trend of economic growth. The number of tourists dropped by 2.6%, though this was partly compensated for by only a 0.6% reduction in nights spent by the visitors. Following strong protests against the nomination of a former minister as the new governor of the central bank, in November, Prime Minister José Maria Neves gave in and appointed another candidate. In mid-December, the 36-year old Janira Hopffer Almada, minister of youth, employment and human resources development, achieved a convincing victory in the direct elections of the ruling ‘Partido Africano da Independência de Cabo Verde’ (paicv) and succeeded Neves as party leader.

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Africa Yearbook Online

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