Cape Verde SWF to stay under central bank

President rejected law to move oversight to securities regulator


The Cape Verdean government has abandoned plans to move oversight of the country’s sovereign wealth fund from the central bank to the securities regulator. The move followed the refusal of the president, Jose Maria Neves, to sign the necessary draft law, which he returned to parliament on January 29.

The prime minister, Ulisses Correia e Silva, said on February 3 that the government would amend the law to keep the fund under the central bank’s remit.

The Cape Verdean parliament approved the

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