Cape Verde’s finance minister travels to China for funding

9 May 2007

Praia, Cape Verde, 9 May – The Cape Verdean finance minister, Cristina Duarte, is scheduled to travel to China at the end of the week to meet with the African Development Bank (ADB) and China’s Eximbank, in order to “raise financial resources” for the archipelago.

“I am going to meet with the ADB an China’s Eximbank to see if we can capitalize further on the excellent relationship we have with the country,” said Duarte, speaking to Cape Verdean newspaper, A Semana.

ADB’s annual general meeting is scheduled for May 16 and 17 in Shanghai.

The trip will also be used, according to Duarte, for a “number of strategic contacts, all of which with the aim of mobilizing resources for the development of Cape Verde.”

According to the minister, the archipelago will be a highlight of the ADB event, as a case study for development of African economies.

“Cape Verde will be presented as a country which, despite some limitations, has grown above the level seen in sub-Saharan African countries,” she said. (macauhub)