The Cabo Verde (Cape Verde) Medium Term Strategic Agreement (2017/2021), a document that includes the launch of unemployment benefit and the gradual increase of the minimum wage, was ratified on Tuesday in Praia at a ceremony that brought together the government, employers and unions, according to official information.
The document was approved at a meeting of the Social Dialogue Council held last June, and according to the current government is intended to, “get the country to grow at higher rates, generate more jobs, double the average income of Cape Verdeans and significantly reduce poverty.”
“The AEMP also intends to make Cabo Verde and its islands and cities into competitive economies, dynamic spaces for business location and business development and to ensure that this translates into effective and growing global gains for society and specific gains for the different social strata and subjects,” the statement said.
Among other things, the agreement provides for the entry into force of the, as yet unregulated, unemployment allowance, as well as a gradual increase of the minimum wage to 15,000 escudos (US$155) per month by 2021, at the end of the current parliamentary term.
The minimum wage in Cabo Verde is currently 11,000 escudos (about US$113) per month. (macauhub)