Cabo Verde Government wants to reduce reliance on external support

5 July 2017

Cabo Verde (Cape Verde) continues to need support from international partners 42 years after the country’s independence, the Cape Verdean prime minister said on Tuesday, reaffirming his commitment to an economy that is less dependent on foreign funding.

Ulisses Correia e Silva, who received the diplomatic representatives and international organisations present in the country, thanked them for the support given to the country’s growth and development since independence on 5 July, 1975.

The prime minister said at the end of the hearing he had told international partners the country is focusing “strongly” on investment, attracting tourism, trade and “changing the profile” of the Cape Verdean economy “to stop it being so dependent on external transfers and to start exporting more.”

The meeting also served for the head of the Cabo Verde government to present the fourth World Forum on Local Power, which Cape Verde hosts in October, to the international partners. The event is expected to bring local representatives from all over the world to the country.

At the meeting, the Prime Minister presented the representatives of the diplomatic missions and consular posts with a general outline of Cabo Verde’s foreign policy, focusing on economic diplomacy and strengthening the partnership with the European Union (EU).

“The archipelago has a history of trade, investment and tourism relations that it wants to strengthen with the European Union, which is why we want to adopt the existing partnership with new areas of investment, employment and growth,” he said.

Ulisses Correia e Silva also acknowledged the need to strengthen the country’s diplomatic activity in the United Kingdom, the main market for tourists, and stressed the intention of having “active political participation” in the Economic Community of West African States (ECOWAS) with “an effective presence” in the organisation’s positions. (macauhub)