Cape Verde : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

October 15, 1996

Summary:

This paper describes economic developments in Cape Verde during 1990–96. After a noticeable slowdown during 1989–91, the Cape Verdean economy rebounded in 1992 and continued to expand in 1993–95, prompted by a sustained increase in public spending and the positive effects of a liberalization of economic activities. Real GDP growth averaged 4 percent during 1992–95, but domestic, economic, and financial developments were characterized by increasing imbalances. Total government expenditure increased rapidly, reaching on average 60.1 percent of GDP in 1994–95, far outpacing any growth in domestic revenues and external grants.

Series:

Country Report No. 96/103

Subject:

English

Publication Date:

October 15, 1996

ISBN/ISSN:

9781451809237/1934-7685

Stock No:

1CPVEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

141

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