Cape Verde second in World Bank good governance ranking

7 August 2006

Praia, Cape Verde, 07 Aug – Cape Verde ranks second in the World Bank’s survey of good governance in 76 poor or developing countries, surpassed only by Armenia, a Cape Verdean official source indicated Monday.

Control of inflation, regular payment of external debt, a competitive economy, and balanced and well-distributed public spending are among the 16 criteria used in this World Bank classification.

The Cape Verdean Finance Ministry explained that the World Bank aims above all to consider economic and social aspects in the countries examined.

Ranked after Cape Verde in the World Bank classification are Samoa and Santa Lucia, two micro-states located in the Pacific and Caribbean, respectively.

At the bottom of the list are the Comoros, the Central African Republic and Zimbabwe.

As for the other Portuguese-speaking African Countries (known as PALOPs), Mozambique ranks in 36th place, São Tomé and Príncipe in 60th, Guinea-Bissau in 68th and Angola in 70th. (macauhub)