Cap Verde: Small Islands Eyeing Investment Boom

Cape Verde’s national team achieved a major surprise at the 2026 World Cup by drawing with Spain, despite its limited population and economic resources compared to the European team. The country primarily relies on the tourism sector, which accounts for over 70% of its GDP, and faces challenges related to public debt that exceeds 108% of GDP, despite its steady growth. The government sees this sporting success as an opportunity to develop investments in sports tourism and infrastructure, aiming to turn this achievement into a long-term economic opportunity to enhance its international standing.

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