Sao Tome and Principe and Portugal sign new cooperation program

Sao Tome and Principe and Portugal signed a new Strategic Cooperation Programme (PEC), valued at 57.5 million euros, valid for five years, Portugal’s Secretary of State for Foreign Affairs said on Wednesday in Sao Tome.

Teresa Ribeiro signed the document on behalf of the Portuguese State and the Sao Tome minister of Economy and International Cooperation, Agostinho Fernandes signed for Sao Tome and Principe.

The Secretary of State said that the priority areas for the new cooperation programme continue to be education, health, social protection, military training and police cooperation, and stressed that “this new agreement will cover the private sector programme” and other special operations.

The previous Indicative Cooperation Programme (PIC), currently known as the Strategic Cooperation Programme (PEC) included a financial package of 43.5 million euros valid for four years (2012-2015). (macauhub/PT/ST)