The Movement for Democracy (MpD) party in Cabo Verde has raised concerns over the government's recent statements about the country's economic situation. According to the MpD, the government's claims of a "dilapidated" economy contradict the data presented by the International Monetary Fund (FMI). The FMI's February 2026 report highlighted Cabo Verde's robust economic growth, a stable banking system, and well-capitalized companies.
The MpD's vice-president, Celso Ribeiro, stated that the party wants the Minister of Economy to clarify the government's statements. Ribeiro emphasized that the government's claims seem to contradict the FMI's positive assessment of the economy. He also pointed out that the government used the same macroeconomic context to present the 2026 State Budget, but later claimed to have found a "dilapidated" economy.
Ribeiro stressed that the debate should not be limited to a confrontation between the government and the opposition. Instead, he argued that it should focus on clarifying the economic situation and understanding the measures the government plans to implement. The MpD is seeking responsible public policies, results, and government accountability.
The MpD presented several indicators to demonstrate the results of their 10-year governance. These include a national wealth increase from 174 million contos in 2016 to 303 million contos in 2026. The party also highlighted a growth in employed population from 194,000 to 213,000 people, a decrease in unemployment rate from 12.4% to 6.2%, and a rise in tourist numbers from 569,000 to 1.2 million.
Additionally, the MpD cited an increase in fiscal revenues from 30 million to 106 million contos and a rise in total state revenues from 43 million to 89 million contos. The party expects the government to acknowledge the results achieved by the previous administration and present measures to continue economic growth, improve the business environment, and reduce costs for enterprises.
Ribeiro also questioned how long the current government would continue to blame the previous administration for the country's problems. He argued that the current government should assume responsibility for the results of its own management.
The issue will be discussed in the parliamentary debate on Wednesday, initiated by the PAICV. The government's response to the MpD's concerns and the FMI's data remains to be seen.
Key points
- The MpD party questions the government's claims of a "dilapidated" economy, citing FMI data showing economic growth.
- The party presented several indicators to demonstrate the results of their 10-year governance.
- The debate is expected to focus on clarifying the economic situation and understanding the measures the government plans to implement.
