Execution of Competitiveness Action Plan begins in Cabo Verde

8 September 2017

The Cape Verdean Competitiveness Action Plan, approved by the government last August, formally has come into effect with its publication in the Official Gazette, cabo Verde’s public television station (RTC) reported.

The plan arose from the fact that the government intends both the domestic and foreign policies of the country to be focused on Cabo Verde being part of dynamic economic spaces “that allow the country to access and attract investment, market, technology, knowledge and security.”

The government plans to put Cabo Verde among the top 50 countries in the Doing Business index, as well as those with the best governance performance and the top 10 on the list of small island states, said Luís Filipe Tavares, the spokesman for the Council of Ministers.

A position equal to or better than 80 in the Index of Economic Freedom is another of the goals advocated by the government, which sees the measures included in the Plan as a “significant step” towards promoting foreign direct investment.

Reduced political, sanitary and security risks are areas the government wants to highlight in order to attract foreign investment and achieve better positions on the lists.

The RTC added that the inter-ministerial commission that will implement the Competitiveness Action Plan will be coordinated by Adalberto Silva, adviser to Prime Minister Ulisses Correia e Silva. (macauhub)