1. Direct Budget Support.
- Subjects
BUDGET ,GROSS domestic product ,FOREIGN investments ,PUBLIC spending ,PUBLIC finance ,ECONOMIC development ,ECONOMIC history - Abstract
The article discusses the transmission of the financial assistance of the European Union and other donors into direct budget support for Cape Verde. This trend provides the government with more opportunities to work on immediate action for the country. The author stresses that the altered gross domestic product (GDP) estimate reflects the achievement of the government's target of reaching double-digit growth by 2011. He also highlights the contribution of tourist-related foreign investment as well as strong domestic demand on the country's sudden change on its economic condition.
- Published
- 2007