Cape Verde sees economic growth

Article Date : Thursday, March 06, 2008

A global body has recorded a positive rate of growth in Cape Verde's economy, according to a media report.

MacauHub stated that the International Monetary Fund (IMF) considers the country's recent performance as "satisfactory".

A representative of the organisation stated that Cape Verde has met its fiscal targets and that the outlook for the future is favourable.

The verdict was revealed after an IMF delegation met with members of Cape Verde's finance and public administration ministry.

Earlier this year, the organisation predicted that the west African archipelago would see economic growth of 7.75 per cent.

This was said to largely driven by the development of its tourist sector, as well as investment in the country's public infrastructure.

The IMF's comments could help to encourage overseas investors to consider property in Cape Verde as a possible market in which to tie up their money.

In recent years, the islands have attracted numerous forms of investment from abroad, particularly in its real estate market.

Tags:

Cape Verde, Cape Verde, finance, International Monetary Fund, real estate market

Cape Verde sees economic growth

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