Impacts of COVID-19 on Cabo Verde: The Imperative to Build a More Resilient Economy

“Due to the outbreak of COVID-19, GDP growth is expected to decrease by 4% in 2020, fueled by falling tourism revenues, remittances and capital flows. Despite the structural development challenges facing the country, the COVID-19 crisis offers opportunities to hasten diversification of the economy, by focusing on building a blue economy and climate finance and digital economy.”