Friday, May 16, 2008

Growth Rate In Cape Verde Expected to Accelarate in 2008

Acording to the African Economic Outlook Report, produced annually by the OECD and the African Development Bank, a rapid increase in the rate of growth can be expected for Cape Verde this year. From 6.6% in 2007, to 7.6% in 2008 and an estimated 7.0% in 2009.

This rapid growth increase reflects a tremendous effort made by the Cape Verde government to comply with the public sector’s Investment Program, a substantial increase in internal credit (including private investment), and a large amount of direct foreign investment.

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