Cabo Verde Government wants economic growth of 7.0%

17 April 2019

Cabo Verde could see economic growth of 7.0%, doubling per capita income in 10 years, Deputy Prime Minister and Finance Minister Olavo Correia said on Tuesday in Praia.

Correia, speaking after the inauguration of the president of Pro Capital, Adalgisa Vaz, said that this objective is possible without public indebtedness, so that Cape Verde can have a good system of air and maritime transport and port management and airport, as well as cheaper energy.

The minister, quoted by the Inforpress news agency, also defended the need for a good business environment to value companies, with elements facilitating the responsibility of the private business sector, with good management, accountability and deadlines and accountability so that the country can move forward.

The latest figures from the National Accounts indicate that Cape Verde registered economic growth of 5.5% in 2018 and 7.6% in the last quarter of last year. (Macauhub)