Publication:
Cabo Verde Economic Update, May 2023: Climate-Related Shocks and Fiscal Sustainability: Potential Impacts and Policy Options

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-07-20T16:55:33Z
dc.date.available2023-07-20T16:55:33Z
dc.date.issued2023-07-20
dc.description.abstractReal GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound in economic activity in 2022 was accompanied by a reduction in poverty (0.8 percentage points), despite the spike in inflation. Headline inflation reached 7.9 percent (y/y) in December 2022 after inflationary pressures emerged in 2021, fueled by high international oil and food prices and global supply chain disruptions due to the war in Ukraine. Higher food prices and low agricultural production, driven by the five year long drought, intensified food insecurity.en
dc.identifierhttp://documents.worldbank.org/curated/en/099070623152542833/P1792660b9d4490b1087ce06b8cf276f258
dc.identifier.doi10.1596/40050
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40050
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesCabo Verde Economic Update
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectCLIMATE CHANGE
dc.subjectSHOCKS
dc.subjectFISCAL SUSTAINABILITY
dc.subjectPOLICIES
dc.titleCabo Verde Economic Update, May 2023en
dc.title.subtitleClimate-Related Shocks and Fiscal Sustainability: Potential Impacts and Policy Optionsen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleClimate-Related Shocks and Fiscal Sustainability: Potential Impacts and Policy Options
okr.date.disclosure2023-07-20
okr.date.lastmodified2023-07-07T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099070623152542833/P1792660b9d4490b1087ce06b8cf276f258
okr.guid099070623152542833
okr.identifier.docmidP179266-b9d44979-6175-49b1-87ce-6b8cf276f258
okr.identifier.doihttp://dx.doi.org/10.1596/40050
okr.identifier.externaldocumentum34113095
okr.identifier.internaldocumentum34113095
okr.identifier.reportAUS0003384
okr.import.id1190
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099070623152542833/pdf/P1792660b9d4490b1087ce06b8cf276f258.pdfen
okr.region.administrativeAfrica
okr.region.countryCape Verde
okr.sectorPublic Administration - Social Protection
okr.themeFinancial Infrastructure and Access,Job Creation,Gender,Human Development and Gender,Data Development and Capacity Building,ICT,Economic Policy,ICT Solutions,Economic Growth and Planning,Financial inclusion,Finance,Private Sector Development,Public Sector Management,Urban and Rural Development,Jobs,Data production, accessibility and use,Flood and Drought Risk Management,Macroeconomic & Structural Policy Modelling,Disaster Risk Management,Structural Transformation and Economic Diversification,Inclusive Growth
okr.topicEnvironment::Adaptation to Climate Change
okr.topicFinance and Financial Sector Development::Finance and Development
okr.unitEFI-AFR2-MTI-MacroFiscal-1 (EAWM1)
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