​​​The year 2020 was marked by the Covid-19 pandemic. To contain the spread of the Covid19 pandemic, both national and foreign authorities adopted a number of measures, including temporarily closing some production and service provision units and restricting

To deal with the economic and social consequences of the serious global health crisis, Banco de Cabo Verde approved a number of exceptional measures in the area of monetary policy, in particular reducing the reference, marginal lending facility and deposit facility rates to 0.25, 0.5 and 0.05 percent, respectively. Likewise, Banco de Cabo Verde reduced the reserve ratio from 13 to 10 percent and the rediscount rate from 5.5 to 1.0 percent, and also created an instrument for providing liquidity to banks with a maturity exceeding one year up to three years. As part of the instrument, it also provided a credit facility of up to CVE 45 billion. ​