#CapeVerde – Carrying on in Cabo Provisional results released on 02 December by the National Election Commission (CNE) indicate that the opposition PAICV party won 15 out of 22 municipalities in the 01 December local elections. In second place was the governing MpD party, which secured the remaining seven municipalities. This marks a reversal of the 2020 local elections in which the MpD had secured control over 14 municipal chambers, while the PAICV had secured eight. The shift in the electoral outcome is not expected to have any material bearing on the broader policy or the country’s post-pandemic economic rebound. Fundamentals will remain positive going into 2025 owing to continuity in fiscal consolidation efforts and a growing tourism sector. That said, headwinds remain in terms of easing parastatal liabilities coupled with exposure to external shocks. Our latest via #TheSignalRoom: https://lnkd.in/edf4Vfst
