Portugal signs annual cooperation plan with Cape Verde

22 March 2006

Praia, Cape Verde, 22 March- Portugal and Cape Verde signed an Annual Cooperation Plan (PAC) in Praia with a value of US$16 million of a total US$55 million already approved by the two companies for the 2005-2007 period, officials said.

The PAC for 2006 is part of the Indicative Cooperation Plan (PIC) for 2005-2007, which was signed in 2004 and has a total value of US$55 million.

The PIC outlines the options defined by the countries’ two governments as part of their bilateral cooperation, and is essential aimed to develop the archipelago and fulfill the aims of the Millennium Development framework.

For 2006 cooperation between Portugal and Cape Verde has prioritized the construction of an Employment and Professional Training Center in Fogo (Sao Filipe), assistance in the legal sphere and the creation of mechanisms to meet the challenges brought on by Cape Verde moving to the group Medium-Developed Countries (MDC) of the United Nations’ Economic and Social Council.

The main consequence of the Cape Verde’s inclusion in the MDC will be a reduction in international aid offered to the world’s poorest states, which over three decades have been essential to sustaining the West African archipelago’s development.

One of the new projects included in the PAC for this year is the integrated program for cooperation covering a geographical area that includes three areas in the northeast of Santiago Island, São Lourenço dos Órgãos, São Miguel and Santa Cruz. (macauhub)