US provides Cape Verde with US$9.5 million as part of Millennium program

5 July 2007

Praia, Cape Verde, 12 July – The United States has already provided Cape Verde with around US$9.5 million since July 2005 as part of the Millennium Challenge Account, according to Cape Verdean news agency Inforpress.

The program has earmarked a total of US$110 million for projects over a five-year period.

Inforpress added that of the total provided so far, around US$7 million was granted especially for projects to manage reservoirs to provide irrigation for agriculture.

The Millennium Challenge Account is a bilateral program to support development that was announced by President George W. Bush in 2002 at the Monterrey Conference (Mexico).

As part of this program, which aims to reduce poverty via economic growth, 11 countries have signed agreements with the Millennium Challenge Account: Madagascar, Honduras, Nicaragua, Cape Verde, Georgia, Benin, Vanuatu, Armenia, El Salvador, Ghana and Mali. (macauhub)