Credit to the Cape Verdean economy reached a new high at the end of 2022, exceeding €1.227 billion, an increase of more than 5% in one year, according to official central bank data compiled today by Lusa.
"Credit to the economy increased 5.3% in 2022, presenting, however, a slowdown compared to the 6.1% growth recorded in 2021," reads the April monetary policy report from the Bank of Cape Verde (BCV).
The document states that net domestic credit granted by Cape Verdean banks increased by 7.4% in 2022 to $168.602 billion, of which $135.050 billion . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here