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Cabo Verde’s banking system is resilient but not free of credit concerns

In 2022, Cabo Verde's Central Bank (BCV) highlighted the persistent resilience of the country's financial system.

However, it raised concerns over the significant levels of defaulting credit held by banking institutions.

This observation comes despite the country's financial system maintaining its stability amidst global challenges like the Ukrainian conflict and a worldwide economic slowdown.

The BCV reported a favorable performance for the Financial Stability Index in 2022, partially due to the banking robustness index.

On the flip side, this was impacted negatively by financial vulnerability and external economic environment indicators.

While there has been a declining trend . . .

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