Minister of Finance, Planning, and Development Cristina Duarte of Cape Verde

Cristina loves her home city, famed for its climate, its harbor, its gardens, and its architectural heritage.

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Duarte expressed satisfaction with her country’s excellent bilateral cooperation with the AfDB.

Praia, Cape Verde - The Cape Verdean government is expecting an inflation rate of between 4% and 5% for 2007 against a projected 2%, Finance and Public Service Minister Cristina Duarte said here Friday.

Cristina Duarte is expected to be named the new Minister of Finances and Public Administration.

The key objective of present reforms is to “minimize” risks involved in movement of funds and introduce laws to criminalize and boost the combat of money laundering and financing of terrorism, after having created a Financial Information Unit, Finance Minister Cristina Duarte said in a recent letter to the IMF.

Cristina Duarte said Cape Verde’s banks will have a five-year transition period to adopt the new requirements on provisions and credit risk.