Cape Verdean economy expands 10.8 pct in 2006

10 October 2007

Praia, Cape Verde, 10 Oct – Cape Verde’s economy posted growth of 10.8 percent in 2006, according to a mission from the International Monetary Fund (IMF), which has been in the country since last week.

The 10.8 percent figure for gross domestic product (GDP) growth is the highest in the last eight years.

For this year, for example, the government projection included in the State Budget was of between 6 and 7 percent.

The current IMF mission to Cape Verde began Thursday and is due to last 10 days as part of the Policy Support Instrument, the memorandum of understanding that regulates relations between Praia and the IMF. (macauhub)