According to IMF Debt Sustainability Analysis (DSA), Cabo Verde is assessed as a high risk of external debt distress. The stock of public debt is very high, reaching an estimated 116.3% of GDP in 2019 (up from 110% in 2017) ––well above the sustainable threshold level of 50% of GDP. The decline was due to the implementation of fiscal reforms to contain public debts and support fiscal sustainability under the authorities’ latest Medium-Term Fiscal Framework (MTFF). The fiscal deficit narrowed slightly from 2.8% of GDP in 2018 to 2.2% in 2019. Inflation rate remained subdued at an estimated 1.2% in 2019 though it has been increasing over time. The outlook is positive as growth is projected at 5.0% in 2020, on the back of higher remittance inflows, continued growth in the tourism sector and increased public spending. The strong growth performance is being driven by strong dynamism in the industry, fishery, commerce, and tourism sectors. The Cabo Verdean economy maintained a solid growth performance in 2018, with an estimated growth rate of 5.0% in 2019, up from 0.6% in 2014. The majority of the population has access to electricity (90%), water supply (64%), sanitary facilities (80%) and internet facilities (48%). The Human Development Index, which measures a country’s standard of living, ranked Cabo Verde at 125 out of 189 countries in 2017–––putting the country in the medium human development category. Inequality also declined, the consumption-based Gini index fell to 0.42 in 2015 from 0.53 in 2001. According to the national statistics institute, the incidence of poverty fell to 35% in 2015 from 57% in 2001 and extreme poverty to 11% from 30%, using the national extreme poverty line of €1.2 per person per day in 2015. In 2007, it graduated from a least developing country to middle-income status. At the international level Caritas Cape Verde works in collaboration with Secours Catholique Champagne Ardennes region in France, Caritas Luxembourg, the Jean Paul II Foundation for the Sahel and the Italian Bishops Conference.Cabo Verde has made remarkable social progress compared to its regional peers.

Internal and external sharing: sharing among parish Caritas and between solidarity economy groups, sharing of experiences and working methods with the Caritas network: Brazil, Caritas France – Champagne Ardennes region.Ĭaritas Cape Verde participates on various government-level committees (Committee to Combat Drugs, Global Fund, etc). Protection of the environment: introduction of agro-ecology, tree planting and introduction of new drought-resistant species. Training for job creation and self-employment (craftwork, culinary arts) Promotion of civic rights and social commitment: campaign against the use of drugs and alcohol, prevention of delinquency, creation of an economic interest group. Integration of children in situations of risk: (Mindelo street children project) leisure activities, holiday camps handicrafts and recycling. The problems that Caritas Cape Verde faces today include rising crime rates and an increase in the number of migrants from the West African coast.įood and nutritional security: development of agro-ecology and small vegetable gardens, increase of household incomes (income-generating activities, solidarity economy).Īccess to potable water: support for the construction of tanks and reservoirs for collecting rain water and storage of self-transported water.

The country had a few problems in adapting to this situation as it entails a reduction in the availability of external funding for development. In 2008 Cape Verde graduated from being a least developed country to being a country of average development. Examples include the programme to empower poor communities on the islands of Santiago and Santo Antão, and the João Varela agro-ecological project.

Since 1999 Caritas has engaged in programmes to empower poor families and communities, in order to create favourable conditions that enable people to adapt to conditions of climate vulnerability. Caritas Cape Verde, which was established in 1976, operates in a country in which food security is threatened by drought and scarcity of arable land.

Capo verde