Cape Verde

Financial Sector Overview

people getting water at a public fountain

Income Group: Lower Middle Income

Cape Verde’s financial sector is well developed relative to the regional average and significantly larger in size than the middle-income country average, but remains relatively closed.

While no data is available for diversity or efficiency, credit-deposit ratios are broadly in line with the regional average but lag those of the country’s income-group peers. Credit to the private sector ratios are above the regional average, but remain below those of other middle-income countries.

Read the full financial sector profile