Netherlands announce funding for projects in Cabo Verde

6 November 2015

The Netherlands will this year provide 150 million euros to Cabo Verde (Cape Verde) to finance both public and private projects under a government programme to support the private sector, said Wednesday the president of the Leeward Chamber of Commerce, Industry and Services.

Jorge Spencer Lima made the announcement on the sidelines of the presentation of a set of instruments to support the public and private sector called “Dutch Programme for Private Sector Support” intended of Cape Verdean businesspeople and public institutions, presented by the Netherlands’ Ambassador, Theo Peters.

Cited by Cape Verdean news agency Inforpress, Spencer Lima said the public projects that could benefit from Dutch funding, estimated at between 30 million and 60 million euros, will mainly be for infrastructure construction, “and it is now in the hands of the Cabo Verde government to present projects that might merit funding.”

“This Dutch programme in fact has two distinct aspects, as it covers public projects, particularly for infrastructure, but also includes privately funded programmes for businesses, in this case basically for technical cooperation,” he said.

The president of the Leeward Chamber of Commerce, Industry and Services added that the support granted by the Netherlands’ government covered 35 percent of the total project costs, given that Cabo Verde is a middle-income country, compared to 60 percent if it were a low income country. (macauhub/CV)