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Cabo Verde

Greater role for Macao in international engagement envisaged

19 May 2020
A new reference document says economic engagement by China and the Portuguese-speaking world can help develop the Guangdong-Hong Kong-Macao Greater Bay Area, the People’s Daily reports. The Chinese Communist Party newspaper says the document is the Sino-Lusophone Economic and Trade Cooperation Blue Book, published jointly by the Chinese Academy of International Trade and Economic Cooperation, … Continue reading "Greater role for Macao in international engagement envisaged"

Chinese companies helping Cabo Verde keep Covid-19 at bay

14 May 2020
The Association of Chinese Companies in Cabo Verde has contributed 6.5 million escudos (about US$63,800) to the Cabo Verdean government’s emergency fund for countering the Covid-19 pandemic, Xinhua reports. The Chinese government-run news agency quotes the head of the association, Zhang Dengquan, as saying: “Our companies are also part of Cape Verdean society, and have … Continue reading "Chinese companies helping Cabo Verde keep Covid-19 at bay"

Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic

8 May 2020
In light of the global Covid-19 pandemic, the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao) has donated face masks and medical protective suits to eight member countries of the Forum to help them cope with the epidemic. On 4 May, the Permanent Secretariat, in partnership with … Continue reading "Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic"

BNU and ICBC (Macau) jointly promote business between China and the Portuguese-speaking countries

29 April 2020
The Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement issued by the issuing bank.

No date set for 6th Ministerial Conference of Forum Macau

28 April 2020
The date to hold the 6th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese Speaking Countries has yet to be set, the Secretary for Economy and Finance of the Government of Macau said on Monday.

Cabo Verde’s economic growth interrupted by Covid-19

28 April 2020
The cycle of growth of the economy of Cabo Verde in recent years is expected to be reversed by the unexpected and as yet uncertain impacts of the Covid-19 pandemic, wrote the Bank of Cabo Verde in its Monetary Policy Report, published on Monday in Praia.

IMF provides an emergency loan to Cabo Verde

24 April 2020
The International Monetary Fund (IMF) has granted a loan of US$32.3 million to Cabo Verde, to help the archipelago to combat the effects of Covid-19 on the country's economy and society, the government of Cabo Verde said in a statement released on Thursday in Praia.

Economic Impact of Covid-19 in Cabo Verde totals 30 million euros per month

23 April 2020
The Covid-19 pandemic in Cabo Verde currently has a direct economic and financial cost totalling 30 million euros per month, wrote the deputy prime minister and minister of Finance, Olavo Correia, on his Facebook page.

Hengqin Island has a role to play in China’s relationship with Portuguese-speaking countries

21 April 2020
The island of Hengqin will contribute to solving the problem of lack of space and resources in Macau, allowing it to better perform its role as a platform between China and Portuguese-speaking countries, the Macau government said in the 2020 Lines of Government Action.

Trade between China and Portuguese-speaking countries falls 9.37% in first two months of the year

17 April 2020
The value of trade between China and the Portuguese-speaking countries posted a drop of 9.37% year-on-year in January and February to US$21.374 billion, according to official Chinese figures released by Forum Macau.

Impact of Covid-19 on the Cabo Verde economy will be more serious than predicted by the IMF

17 April 2020
The forecast of an economic contraction of 4.0% announced by the International Monetary Fund (IMF) for Cabo Verde in 2020 "has already been exceeded," and the final figures could be "much worse," wrote the deputy prime minister and minister of Finance on his Facebook page.

Credit line available in Cabo Verde to companies that meet tax obligations

14 April 2020
The Government of Cabo Verde will favour companies that fulfil their obligations "and not those that do not comply,” in relation to access to the credit line established to help overcome the effects of the Covid-19 pandemic, said the deputy prime minister and minister of Finance.

Cabo Verde banks prepares to implement government measures to support the economy due to Covid-19

9 April 2020
The commercial banks operating in Cabo Verde agree with measures to support the economy announced by the government but had some concerns about the eligibility of firms, the purpose of the funding and the proportion of the value to be assigned to each company, reported the local press.

Cabo Verde Airlines has an uncertain future, and may close

9 April 2020
The future of Cabo Verde Airlines (CVA) is uncertain, and the air carrier may close due to the economic and financial effects of the Covid-19 pandemic, said on Wednesday in Praia the minister of Tourism and Transport, Carlos Santos.

China finances remodelling of the Cabo Verde National Auditorium

7 April 2020
The redevelopment of the Cabo Verde National Auditorium, in the capital Praia, is being financed by China, and the completion of the first phase is planned for the end of June, said the director-general for Arts and Creative Industries of the Ministry of Culture.

Cabo Verde prepares development strategy for after Covid-19

7 April 2020
Cabo Verde’s Deputy Prime Minister and Minister of Finance, Olavo Correia, announced on Wednesday the creation of a group, made up of several domestic and foreign experts to assist the Government in preparing a strategy for the post-pandemic period.

Cabo Verde records economic growth of 5.7% in 2019

7 April 2020
Cabo Verde posted economic growth of 5.7% in 2019, the country's National Statistical Institute (INE) said on Monday in Praia as it released the Quarterly National Accounts for the fourth quarter and the whole of last year.

People affected by Covid-19 given moratorium on loan payments until 30 September

1 April 2020
Individuals and companies in Cabo Verde with bank loans, who have been affected by the new coronavirus pandemic will benefit from a moratorium that will postpone payments until 30 September, the deputy prime minister and minister of Finance said in Praia on Tuesday.

Cabo Verde achieves goals agreed with the International Monetary Fund

31 March 2020
Cabo Verde has achieved all of the targets laid down in the support programme drawn up by the International Monetary Fund (IMF) and "with a strong performance," wrote the deputy prime minister and minister of Finance on his official Facebook account, commenting on a statement issued in Washington.

Portuguese-speaking countries look to respond to Covid-19 pandemic

27 March 2020
The parliament of Timor-Leste on Thursday unanimously approved the declaration of a state of emergency in the country, which is expected to be in place for a month, from Saturday 28 March, a measure adopted in response to the Covid-19 pandemic.
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