Cabo Verde benefits from European funding to combat unemployment

14 July 2015

Cabo Verde (Cape Verde) is one of the beneficiaries of the programme to combat unemployment in Portuguese-speaking African countries and Timor-Leste (East Timor) funded by the European Union through the 11th European Development Fund (EDF), reported Cape Verdean weekly newspaper A Semana.

The newspaper cited statements from the President of the Institute of Employment and Vocational Training (IEFP), Vargas Melo at the end of a meeting of staff of the institution to discuss strategies for combating youth unemployment, which affects about 34 percent of young Cape Verdeans .

“We still do not know the details of project implementation, we have only the official information that such funding exists, valued at 18 million euros,” he said.

The President of the IEFP stressed that Cabo Verde, along with Angola, São Tomé, Mozambique, Guinea-Bissau and Timor-Leste were previously beneficiaries of the 10th EDF, under a programme that supported the vocational training sector and employment, and that was led by the Cape Verdean archipelago.

“Given the results, the European Union wanted to continue financing the 11th EDF to benefit the five African countries where Portuguese is the official language as well as Timor-Leste in creating strategies for job creation, focused primarily on self-employment and entrepreneurship “said the president of the IEFP. (macauhub/CV)