EU donates 18 million euros to Cabo Verde to combat unemployment

15 July 2016

The European Union (EU) will donate 18 million euros to Cabo Verde (Cape Verde) to support projects to combat unemployment, which affects about 16% of the workforce, 34% of them young people, announced the President of the Employment and Vocational Training Institute.

Vargas Melo said that the amount in question is an expense included in the 11th European Development Fund (EDF) for the project to combat unemployment in African Countries with Portuguese as an Official Language (PALOP) and Timor-Leste (East Timor).

“We still do not know the details of the project implementation, with only the official information of the financing, estimated at 18 million euros.”

Cabo Verde and Angola, Guinea-Bissau, Mozambique, Sao Tome and Principe and Timor-Leste have benefited as part of a project to support the vocational training and employment sector under the 11th EDF. (macauhub/AO/CV/GW/MZ/ST/TL)