On the occasion of the 10th Plenary Meeting of the Global Forum a further five countries signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, therewith bringing the total number of participating in the Convention to 135.
English, PDF, 461kb
The tax-to-GDP ratio in Cabo Verde increased by 1.4 percentage points from 18.7% in 2016 to 20.1% in 2017. In comparison, the average for the 26 African countries in Revenue Statistics in Africa 2019 remained at 17.2% over the same period.
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
The Inclusive Framework on BEPS welcomes Cabo Verde bringing to 124 the total number of countries and jurisdictions participating on an equal footing in the Project.
After experiencing low growth due to the impact of the European and global financial crises, the economy recovered in 2016 to 3.2%, and is expected to continue along the same trajectory in 2017 and 2018, with GDP growth rates of 3.7% and 4.1%, respectively.
Exposed to a difficult external environment, economic growth in the Cabo Verdean economy decelerated from 4.0% in 2011 to 0.7% in 2013. In the latter year, the country was particularly affected by a decline in remittances and Foreign Direct Investment (FDI) from Europe, as well as in Official Development Assistance (ODA)
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
English, PDF, 1,398kb
West Africa is a convenient and low-risk location for moving and storing merchandise; it provides a platform via which to reach Europe, where a kilogram of cocaine purchased for 2 000 to 3 000 EUR in Latin American production areas sells for as much as 60 000 EUR wholesale, and is often cut with other products.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange of information between jurisdictions.