Luxembourg’s aid to Cape Verde to increase to 60 million euros

6 July 2010

Praia, Cape Verde, 6 July – The governments of Cape Verde and Luxembourg Tuesday in Praia signed the 3rd Indicative Cooperation Programme (PIC), which will be in place between 2010 and 2015 and which has risen from 45 to 60 million euros.

A source from the Cape Verdean government said Monday that III PIC will make it possible to fund projects in sectors that are considered to be priorities for the development of Cape Verde.

The new PIC, which will replace the one that is due to end at the end of this year and began in 2006, will focus on education, professional training and social and professional insertion, as well as micro-financing, income-generating activities, support from small and medium-sized companies and industries, water and sanitation, support for school health, school canteens and food aid.

A source from the Cape Verdean Foreign Affairs Ministry noted that Luxembourg was an “important partner,” for Cape Verde and the Luxembourg government justified its decision to increase its aid package to Cape Verde by saying its was “recognition for good work,” carried out to develop the country.

The new figure, which is an increase of 33 percent on the 2006/10 PIC, is also “a signal“ that is being sent to other partners of Cape Verde to continue supporting the archipelago.

Of the 60 million euros, Cape Verde plans to use 12 million for projects to renew the archipelago’s beaches, as well as funding the government’s strategic programme to support the Cape Verdean community in Sao Tome and Principe. (macauhub)