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Cape Verde's main concern is transparency

10 June 2008

Number three in Africa and in the 49th position out of 180 countries, Cape Verde has proved its level of transparency, offering little room to corruption.

Such a record puts the archipelago in a good position, attracting trusty investors who have made Cape Verde one of the most popular property investment destinations in recent years.

According to the International Transparency Report, Cape Verde is closely followed by Eastern European countries Slovakia, Latvia and Lithuania, all totalling just under five per cent in the CPI score, which analyses the degree of corruption.

At the top of the list figure Denmark, Finland and New Zealand, with a 9.4 per cent, compared to a 1.4 per cent for Somalia and Myanmar in the last positions.

Com Foy, spokesperson for the Organisation of Economic Cooperation and Development, has told Macauhub that the Portuguese-speaking country also has a "good programme of public investment, development of the private sector, growth of domestic investment, a very balanced political system and focus on training", and that he expected a 6.6 per cent annual growth for this year, similar to last year's results.

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