Cape Verde: Selected Issues and Statistical Appendix

International Monetary Fund

No 2005/319, IMF Staff Country Reports from 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.

Keywords: ISCR; CR; rate; emigrant deposit; deposit; bank; loan; ED flow; banking system; Banco Totta de Cabo Verde; return on equity; lending rate; emigrant savings deposit; Commercial banks; Migration; Loans; Credit; Global; Europe; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 80
Date: 2005-09-06
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Citations: View citations in EconPapers (1)

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