Finance Minister of Cape Verde, Cristina Duarte

Finance Minister of Cape Verde tells journalists at the 2011 Annual Meetings of the World Bank-IMF in Washington, DC, that Cape Verde posted a decade-long annual average GDP growth of 6.2 percent, containing average inflation at 2 percent between 2000 and 2010. Over the same period, it curbed poverty from 37 percent to 24 percent, raised GDP per capita by 80 percent and had achieved four of the eight MDGs by 2007. However, she fears that her country, which attained middle-income status (MIC) in 2008, could end up in what she calls the "MIC trap", unless concessional funding continues to flow to help it sustain performance and diversify its economy.

Category:

News & Politics

Tags:

• 03630