Cape Verde : Selected Issues and Statistical Appendix

1CPVEA2005004 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45195-609-2
Stock #: 1CPVEA2005004
Stock Status: On back-order

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The Selected Issues paper and Statistical Appendix on Cape Verde review determinants of emigrant deposits (ED). EDs have provided a substantial source of foreign exchange to the Cape Verdean economy, and have been vital in maintaining the fixed exchange rate. Prospects for growth in Cape Verde are improving and immigration legislation abroad is tightening. Both trends argue against further accumulation of ED. Among the developments in favor of ED, of considerable importance is their past stability, the limited convertibility of deposits, the favorable business outlook, and the stable political climate.

More publications in this series: IMF Staff Country Reports