The President of the Deposit Guarantee Fund guarantees that Cape Verde’s financial system is solid and resilient

Praia, Mar 23 (Inforpress) – The president of the Deposit Guarantee Fund (FGD), Carlos Rocha, guarantees that the Cape Verdean financial system is “solid and resilient”, noting that there is no impact of the current situation international finance in Cape Verde.

According to the international press, the international scenario is being marked by pressures on the banking sector that emerged at the beginning of March after the insolvency of the American bank, the Silicon Valley Bank, which became the largest financial institution in the USA to fail in more than one decade.

The event triggered the collapse of the bank’s international subsidiaries, raising concerns about upcoming interest rate hikes by the central banks of the major world economies involved.

When questioned by Inforpress if the current scenario inspires some care and if there is any reason for concern in Cape Verde, Carlos Rocha said that the Cape Verdean financial system is “solid and resilient”.



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