Cabo Verde and European Union to sign development support programme

27 September 2016

Cabo Verde and the European Union (EU) will sign on 17 October in Brussels the agreement on budget support for the island country from the 11th European Development Fund, the EU’s ambassador in Cabo Verde announced on Monday in Praia.

Portuguese diplomat José Manuel Pinto Teixeira specified that the agreement will be signed by Cabo Verdean Prime Minister Ulisses Correia e Silva after a meeting with European Commission President Jean-Claude Juncker during the EU/Cabo Verde summit meeting in the second week of October.

The next European financing fund, to be made available to Cabo Verde (Cape Verde) in the form of budget support for the next five years, will favour support for the special partnership and improving competitiveness of the country’s economy, said Pinto Teixeira, cited by the local press.

The 10th European Development Fund, signed in 2008 and now in the final implementation stage, counted a financial envelope of 51 million euros. (Macauhub)