Browsing: public finances

Cabo Verde sovereign debt and economic profile

Cabo Verde is one of those countries one hardly gets to hear about.

The country is an archipelago of 10 islands off West Africa’s coast in the Atlantic Ocean. The country is fascinating economically and politically. According to the World Bank, “Cabo Verde is considered an example of democracy in Africa, much for its political stability.

Electoral processes have been held regularly, with peaceful alternation of power between the two major parties. The left-wing African Party for the Independence of Cabo Verde (PAICV), which headed colonial liberation, governed for two 15-year periods (1975-1991 and 2001-2016).

  • Cabo Verde is an exceptional country. It is exemplary. This accolade is because of the country’s stability both economically and politically. The country holds elections regularly and has peaceful transitions of power between the various players in its political matrix.
  • Cabo Verde has a population of 491,233 according to statistics from a census conducted in