Africa: Cabo Verde Must Invest in the Blue Economy for Growth and Sustainability

📆 10/06/2024 14:18:00
📰 allafrica

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Cabo Verde has shown resilience in the post-COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities such as dependence on tourism and risks from underperforming State-Owned Enterprises (SOEs). Climate change is exacerbating these weaknesses.

Praia — Cabo Verde has shown resilience in the post-COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities such as dependence on tourism and risks from underperforming State-Owned Enterprises . Climate change is exacerbating these weaknesses.

Real GDP growth is expected to remain stable in 2024 at 4.7%. However, significant risks persist, including possible increases in commodity prices, weaker external demand in tourism markets, and limited progress on the SOE reform agenda. Climate change also remains a threat due to the country's high vulnerability.

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