European Union supports Cabo Verde Budget

5 September 2014

The European Union (EU) will allocate 55 million euros in aid to Cabo Verde’s (Cape Verde’s) state budget, under the 2014-2020 Indicative Cooperation Programme (ICP) 2014/2020, the Cabo Verde Foreign Minister Jorge Borges said.

The minister told the Rádio de Cabo Verde radio station the agreement was signed by himself and by the European Commissioner for Aid Development, Andris Piebalgs, on the sidelines of the Third Conference on Small Island Developing States.

Jorge Borges, accompanying the Cape Verdean prime minister, stressed that the readiness of the European Union to assist Cabo Verde showed that the establishment of the Cabo Verde/European Union partnership was “a good choice” by the Cape Verdean authorities.

This partnership, Borges said, was “the best way for Cabo Verde found to maintain a dialogue with the “European Union, since it make sit possible to plan projects with more quality and to better plan the development of the country.”

The government of Cabo Verde said the funding provided by the European Union would be applied to programmes of economic growth, combating poverty, and mobility, amongst others. (macauhub/CV)