Cape Verde
In spite of the remarkable developmental performance of Cape Verde, the private sector remains dominated by small and micro-enterprises which generate little employment and provide scant tax revenue. The authors suggest creating new forms of innovative and wide partnerships between the state, local authorities, business associations and the overseas Capeverdean communities to create new enterprises, foster employment growth and promote sustainable development in the country.
Such a strategy fits well with the New Partnerships for Africa's Development (NEPAD) goal of improving governance in Africa, for the study also considers the impact of such partnerships on governance issues. The study finds that the potential for multilevel and multi-dimensional partnerships between actors from different backgrounds and with different interests is very wide. Moreover, the conclusions of this document, both for development policy and for improving the quality of governance, can be applied to a range of countries and are not limited to the particular case of Cape Verde ...
CAPE VERDE’S ECONOMY IS ESTIMATED to have grown by 6.6 per cent in 2007, down from 10.8 per cent in 2006. This strong growth reflects a relatively high rate of execution of the public investment programme (PIP) and a dynamic private sector, supported by a substantial increase in domestic credit and private investment, including large inflows of foreign direct investment (FDI). In 2008 and 2009, real GDP is expected to grow by 7.6 per cent and 7.0 per cent respectively.The annual average inflation rate fell to 4.5 per cent in 2007, from 6 per cent in 2006, and it is projected to drop further to under 3 per cent in 2008.
Cape Verde: Stock of Total External Debt (percentage of GDP) and Debt Service (percentage of exports of goods and services) appears in African Economic Outlook 2009.
Cape Verde: Real GDP Growth and Per Capita GDP (USD/PPP at current prices) appears in African Economic Outlook 2009.
Cape Verde: Public Finances (percentage of GDP at current prices) appears in African Economic Outlook 2009.
Cape Verde: Current Account (percentage of GDP at current prices) appears in African Economic Outlook 2009.
CAPEVERDE’S STRONG PERFORMANCE in recent years has left it well placed to weather a slowdown. GDP is estimated to have expanded by 6.1 per cent in 2008. It is expected to slow to 3.6 per cent in 2009, and to register somewhat stronger growth in 2010. That forecast is, however, subject to downside risk, as it is based on the assumption of a 10 per cent decline in tourism receipts in 2009, which may fall yet further as the global economic crisis unfolds.
GRÂCE AUX BONNES PERFORMANCES de ces dernières années, le Cap-Vert semble bien armé pour faire face à la crise. La croissance, estimée à 6.1 pour cent du produit intérieur brut (PIB) en 2008, devrait retomber à 3.6 pour cent en 2009 puis rebondir en 2010. Ces prévisions pourraient toutefois être revues à la baisse, dans la mesure où elles tablent sur un recul de 10 pour cent des recettes touristiques en 2009. Or, cette baisse pourrait s’avérer plus importante, à cause de la crise mondiale.
Cape Verde’s economy was adversely impacted by the global financial crisis with its gross domestic product (GDP) growth rate contracting to 3.9% in 2009 from 5.9% in 2008. Growth decreased owing to the fall in tourism, construction, and foreign direct investment (FDI), but by late 2009 both tourism and construction had started to recover and FDI flows stabilised. Remittances remained fairly constant and even rose by 1.7% in 2009.
L’économie du Cap-Vert a été durement touchée par la crise financière mondiale. Le rythme de croissance de son produit intérieur brut (PIB) s’est contracté à 3.9 % en 2009, contre 5.9 % en 2008. La croissance a ralenti avec le recul du tourisme, du bâtiment et des travaux publics (BTP) et des investissements directs étranger (IDE). Mais, fin 2009, le tourisme et le BTP sont repartis à la hausse et les entrées d’IDE se sont stabilisées. Les envois de fonds des travailleurs expatriés sont restés quasiment constants, progressant même de 1.7 % en 2009.
Cape Verde's economy showed signs of recovery from the impact of the global financial crisis with 2010 gross domestic product (GDP) growth estimated to reach 5.3% compared to 3.6% in 2009. In 2010 there were signs of recovery in tourism and air transport and strong support from the Public Investment Programme (PIP). However, in 2010 foreign direct investment (FDI) and associated construction inflows continued to shrink. The outlook remains uncertain for 2011 as investment largely originates from the European Union (EU), which is growing only slowly. Remittances remained fairly constant in 2010 after a slight decrease of 2.2% in 2009.
Cabo Verde, um pequeno Estado insular, é, de acordo com a política de crédito[i] do Banco Africano de Desenvolvimento (BAfD), um país de rendimento médio baixo (PRMB). O Produto Nacional Bruto (PNB) per capita cabo-verdiano, em 2010, rondou os 3.270 USD, bem acima do patamar de 1.175 USD de PNB per capita dos PRMB. Apesar dos progressos significativos alcançados nas últimas duas décadas, o país continua a enfrentar alguns constrangimentos e desafios significativos ao seu desenvolvimento. Para além da insularidade, Cabo Verde tem problemas que resultam da dispersão territorial (dez ilhas) e de uma população escassa (menos de 500 mil habitantes), que limitam o seu mercado interno, um clima saheliano seco e recursos muito limitados.