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Cape Verde: Selected Issues and Statistical Appendix

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2005. "Cape Verde: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2005/319, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/319
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    1. Mr. Emilio Sacerdoti, 2005. "Access to Bank Credit in Sub-Saharan Africa: Key Issues and Reform Strategies," IMF Working Papers 2005/166, International Monetary Fund.
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    1. International Monetary Fund, 2006. "Determinants of Emigrant Deposits in Cape Verde," IMF Working Papers 2006/132, International Monetary Fund.

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