Cabo Verde's risk of external and overall debt distress is rated "high" as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-2022 under the baseline and protractedly under...

In Cape Verde, despite the existence of an exceptional renewable potential, namely wind and solar photovoltaic, estimated, by Gesto (2011), at 258 MW and 315 MW respectively, in 2017 82.2% of the electric energy was generated using fossil fuels. In this work, we propose to explore the...

What's a small island nation like Cape Verde doing joining the World Trade Organization? With a population just short of 430,000, per capita income of $1,400, and exports totaling about $3 million annually, Cape Verde is hardly in a position to compete with perennial export giants like the...

This report provides a summary of the antimoney laundering (AML) and combating the financing of terrorism (AML/CFT) measures in place in Cape Verde. It sets out Cape Verde’s levels of compliance with the Financial Action Task Force (FATF) 40 recommendations. The assessment reveals that Cape...

This report focuses on the Observance of Standards and Codes for the Financial Action Task Force 40 (FATF) recommendations for antimoney laundering (AML) and nine special recommendations for combating the financing of terrorism (CFT) in Cape Verde. The assessment reveals that Cape Verde has...

This paper tests the hypothesis that international migration experiences may promote better institutions at home by raising the demand for political accountability. In order to examine this question, we use a simple postcard voting experiment designed to capture the population's desire for...

Firms' tax planning decisions, similar to their other operational decisions, are made in a competitive environment. Various stakeholders observe the tax payments and evaluate these against the relevant peer group, which creates interdependencies in the tax planning activities of firms....