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CAPE VERDE SOCIO-ECONOMIC SITUATION AND STRATEGY OF SMOOTH TRANSITION. A SMALL INSULAR STATE COMMITTED AND DETERMINED IN A SUSTAINABLE DEVELOPMENT. MEETING OF THE PARTNERS OF CAPE VERDE FOR THE SMOOTH TRANSITION AND OF THE GROUP OF SUPPORT TO THE TRANSITION. INTRODUCTION.

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cape verde socio economic situation and strategy of smooth transition

CAPE VERDE SOCIO-ECONOMIC SITUATION AND STRATEGY OF SMOOTH TRANSITION

A SMALL INSULAR STATE COMMITTED AND DETERMINED IN A SUSTAINABLE DEVELOPMENT

MEETING OF THE PARTNERS OF CAPE VERDE FOR THE SMOOTH TRANSITION

AND OF THE GROUP OF SUPPORT TO THE TRANSITION

introduction
INTRODUCTION
  • GENERAL CONTEXT
      • PROFILE OF VULNERABILITY
      • ECONOMICAL AND FINANCIAL VULNERABILITY
  • STRATEGY OF DEVELOPMENT
      • DOCUMENT OF STRATEGY OF GROWTH AND OF REDUCTION OF THE POVERTY
      • NATIONAL FORUM OF TRANSFORMATION
        • MACROECONOMIC ADMINISTRATION, INSTITUTIONAL CAPACITY AND IMPROVEMENT OF THE COMPETITIVENESS AND OF THE PERFORMANCE AT THE MICROECONÓMIC LEVEL
  • SOME DATA
  • GOVERNMENTPROGRAM
  • CHALLENGES FOR A SMOOTH TRANSITION
      • INTERNAL CHALLENGES
      • EXTERNAL CHALLENGES
      • STRATEGY OF EXIT
      • PROPOSAL TO THE INTERNATIONAL PARTNERS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide3

GENERAL CONTEXT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 profile of vulnerability
1. PROFILE OF VULNERABILITY
  • LINKED VULNERABILITY TO THE AGRICULTURAL PRODUCTION
    • ONLY 10% OF THE GLOBAL SURFACE POSSESS AGRICULTURAL ENDOWNEMENT - HYDRÍC AND NOURISHING DEFICIT PRODUCTION (ONLY 20% OF THE NEEDS)
  • ECOLOGICAL VULNERABILITY
    • RISK OF EROSION AND OF ACCELERATED DESERTIFICATION
  • VULNERABILITY ASSOCIATED TO THE DOUBLE INSULARITY
    • LACK OF ECONOMIES OF SCALE, MULTIPLICATION OF THE INFRASTRUCTURES, ELEVATED COSTS OF TRANSPORT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 profile of vulnerability5
1. PROFILE OF VULNERABILITY
  • VULNERABILITY IN RELATION TO THE FLOWS FROM THE EXTERIOR
    • GREAT DEPENDENCE OF PDA AND OF THE REMITTANCES OF THE EMIGRANTS; PDA HAS BEEN DECISIVE IN THE COURSE OF DEVELOPMENT OF THE COUNTRY; ON AVERAGE ABOUT 80% OF THE PUBLIC INVESTMENTS ARE FINANCED THROUGH PDA.

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 profile of vulnerability6
1. PROFILE OF VULNERABILITY
  • VULNERABILITY IN RELATION TO THE IMPORTS
    • WEAK PRODUCTIVE STRUCTURE AND ENORMOUS DEPENDENCE OF THE IMPORTS (ENERGY, NOURISHING GOODS); HIGH DEGREE OF EXPOSITION TO EXTERNAL IMPACT
  • SMALL DIMENSION, DISCONTINUITY AND LACK OF ECONOMIES OF SCALE ADD DIFFICULTIES TO THE CONSTRUCTION OF THE INTERNAL MARKET

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 profile of vulnerability7
1. PROFILE OF VULNERABILITY
  • WEAK ENDOWMENT (PROVISION) IN TERMS OF NATURAL RESOURCES CONJUGATED WITH AN ADVERSE CLIMATE TO AGRICULTURAL PRODUCTION AND A HIGH EROSION OF THE PLOWED(ARABLE) SOILS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 profile of vulnerability8
1. PROFILE OF VULNERABILITY
  • VULNERABILITY AT THE SECURITY LEVEL
    • EXTENSIVE EXCLUSIVE ECONOMIC ZONE AND TERRITORIAL DISCONTINUITY PLACE ENORMOUS DIFFICULTIES TO THE CONTROL OF THE NATIONAL BORDERS (CLANDESTINE (UNDERGROUND) MIGRATION, ILLICIT TRAFFIC)
  • ECONOMICAL AND FINANCIAL VULNERABILITY RESULTS IN GREAT MEASURE OF THE SITUATION OF SMALL INSULAR ECONOMY IN DEVELOPMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

2 economical and financial vulnerability
2. ECONOMICAL AND FINANCIAL VULNERABILITY
  • DYNAMICS OF GROWTH PRESENTS PERSISTENT FRAGILITIES:
    • INSUFFICIENT TRANSFORMATION OF THE PRODUCTIVE STRUCTURE; WEAK CAPACITY OF CREATION OF PRODUCTIVE JOBS, UNEMPLOYMENT TOO HIGH
    • PREVALENCE OF THE TRADITIONAL SERVICES
    • SECONDARY SECTOR DOMINATED BY CONSTRUCTION
    • INSUFFICIENT DYNAMISM OF SECTORS POTENTIALLY GENERATORS OF INCREASED VALUE AND OF JOBS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

2 economical and financial vulnerability10
2. ECONOMICAL AND FINANCIAL VULNERABILITY
  • INSUFFICIENT WEIGHT OF TRANSACCIONABLE GOODS AND SERVICES
  • ELEVATED DEFICIT OF THE CURRENT ACCOUNT
  • ELEVATED STOCK OF THE PUBLIC DEBT
  • ACCORDING TO THE INQUIRY TO THE EXPENSES AND FAMILY INCOMES OF 2001-02, 37% OF POPULATION ARE CONSIDERED POOR AND 20% VERY POOR
  • TOO HIGH LEVEL OF POVERTY DIRECTLY LINKED TO THE TOO HIGH TAX OF UNEMPLOYMENT - 24% IN 2005

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide11

STRATEGY OF DEVELOPMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide12

DOCUMENT OF STRATEGY FOR THE GROWTH AND REDUCTION OF POVERTY

  • A SHARED VISION OF A LONG TERM STRATEGY DUE TO A PROCESS OF ENLARGED DIALOGUE AT NATIONAL LEVEL
  • THE REDUCTION OF THE POVERTY IS CONSIDERED THE HIGHER CHALLENGE OF CAPE VERDE
  • DECRP TRANSMITS AN INTEGRATED APPROACH OF MACRO, MESO AND MICROECONOMIC POLÍCIES FOCUSED IN THE GROWTH AND IN THE REDUCTION OF POVERTY

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide13

2. FORUM FOR THE TRANSFORMATION

OF CAPE VERDE 2003

  • THE STRATEGIC REFLECTION WAS DEEPENED IN THE FRAMEWORK OF THE NATIONAL FORUM FOR THE TRANSFORMATION OF CAPE VERDE GOVERN / CIVIL SOCIETY

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

2 forum for the transformation
2. FORUM FOR THE TRANSFORMATION
  • THE FORUM EMPHASIZED THE NEED OF VALORIZATION OF THE COMPETITIVE ADVANTAGES OF THE COUNTRY IN KEY-SECTORS -TOURISM, TEXTILE, MARINE AND AERIAL TRANSPORTS, FINANCIAL SERVICES AND TECHNOLOGIES OF INFORMATION

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide15

SOME DATA

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 macroeconomic evolution
1. MACROECONOMIC EVOLUTION

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

2 macroeconomic evolution in of gdp
2. MACROECONOMIC EVOLUTION(IN % OF GDP)

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

3 macroeconomic evolution in millions cve
3. MACROECONOMICEVOLUTION ( IN MILLIONS CVE )

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

4 macroeconomic evolution in gnp
4. MACROECONOMICEVOLUTION ( IN % GNP )

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide20

IV. GOVERNMENTPROGRAM

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

1 government program 2006 11
1. GOVERNMENT PROGRAM 2006-11

TWO MAIN OBJECTIVES

  • ACCELERATION OF THE ECONOMIC GROWTH
  • SUBSTANTIAL REDUCTION OF THE LEVEL OF UNEMPLOYMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

slide22

V. CHALLENGES FOR A SMOOTH TRANSITION

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

internal challenges
INTERNAL CHALLENGES
  • TRANSITION FROM A PATTERN OF ECONOMIC GROWTH AND OF DEVELOPMENT WHERE STILL SUBSISTS AN IMPORTANT COMPONENT OF MECHANISMS OF AN ECONOMY OF INCOME FOR AN ECONOMY OF A PRODUCTIVE PRIVATE BASE IN THE FRAME OF THE REINFORCEMENT OF THE GLOBAL COMPETITIVENESS OF THE COUNTRY:
    • IMPROVEMENT OF THE ACTING AT MICROECONÓMIC LEVEL
    • REINFORCEMENT OF THE BUSINESS CAPACITY OF THE COUNTRY

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

internal challenges24
INTERNAL CHALLENGES
  • CONSOLIDATION OF THE MACROECONOMIC STABILITY IN CONJUGATION WITH ACCELERATION OF THE ECONOMIC GROWTH, THE REDUCTION OF UNEMPLOYMENT, OF POVERTY AND THE REINFORCEMENT OF THE SOCIAL COHESION
  • CONSOLIDATION OF THE PROCESS OF MODERNIZATION OF THE INFRASTRUCTURES
  • MODERNIZATION OF THE PRODUCTIVE STRUCTURE
  • IMPROVEMENT OF THE ATMOSPHERE OF BUSINESSES AND DYNAMIZATION OF THE PRIVATE SECTOR

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

internal challenges25
INTERNAL CHALLENGES
  • INCREASE OF THE EXPORTS AND OF THE FOREIGN DIRECT INVESTMENT
  • TOURISM DEVELOPMENT WITH ENVIRONMENTAL PROTECTION
  • CONSOLIDATION OF THE FISCAL REFORM AND OF THE PUBLIC MARKETS
  • REINFORCEMENT OF THE CAPACITIES AT THE LEVEL OF REGULATION WITH PROMINENCE FOR THE NATURAL MONOPOLIES

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

internal challenges26
INTERNAL CHALLENGES
  • CONCLUSION OF THE PROCESS OF RESTRUCTURING OF SEE AND OF THE PRIVATIZATIONS
  • REFORM OF THE PUBLIC ADMINISTRATION
  • IMPROVEMENT OF THE SYSTEM OF PROFESSIONAL TRAINING AND MODERNIZATION OF THE LABOR LEGISLATION

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

internal challenges27
INTERNAL CHALLENGES
  • MODERNIZATION OF THE FINANCIAL SYSTEM
  • CONCLUSION OF THE SOCIAL SECURITY REFORM

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

external challenges
EXTERNAL CHALLENGES
  • TO MATERIALIZE WITH SUCCESS THE “PHASING OUT” FROM THE GROUP OF PMAS
  • TO INTENSIFY THE PROCESSES OF INTERNATIONAL STRATEGIC PARTNERSHIP OF CAPE VERDE
  • TO IMPROVE THE COMPETITIVE POSITIONING OF THE COUNTRY AT INTERNATIONAL LEVEL

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

strategy of exit
STRATEGY OF EXIT
  • CAPE VERDE IS A PECULIAR CASE OF CONSTRAINT, VULNERABILITY AND DEPENDENCE FROM THE EXTERIOR
  • IT JUST SATISFIES TWO OF THE CRITERIAS OF EXIT
    • LEVEL OF INCOME
    • LEVEL OF HUMAN DEVELOPMENT
    • RELATIVELY TO THE ECONOMIC VULNERABILITY IT IS A LOT BELOW THE LEVEL (61%)
    • THE ECONOMIC VULNERABILITY OF THE COUNTRY WILL STILL CONTINUE FOR A LONG PERIOD AFTER THE EXIT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

strategy of exit30
STRATEGY OF EXIT
  • THE GRADUATION IS A COROLLARY OF THE MERIT, OF THE GOOD GOVERNANCE, OF THE DETERMINATION AND TRUST OF THE CAPE VERDIANS IN THE COUNTRY´SDEVELOPMENT
  • AS A WELL SUCCEEDED CASE OF INTERNATIONAL COOPERATION IT IS FUNDAMENTAL THAT THE PARTNERS SUPPORT THE COUNTRY IN THE PREPARATION AND IMPLEMENTATION OF THE STRATEGY OF SMOOTH TRANSITION, CONSOLIDATING THE BASIS OF A SUSTAINED DEVELOPMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

strategy of exit31
STRATEGY OF EXIT
  • IT IS A SHARED RESPONSIBILITY, MAINLY OF CAPE VERDE, BUT ALSO OF OUR PARTNERS-THE GRADUATION CONSEQUENTLY SHOULD MAKE POSSIBLE THE CONTINUITY OF THE PROCESS OF DEVELOPMENT OF THE COUNTRY IN A SUSTAINED BASE
  • WE THEREFORE EXHORT (URGE) OUR PARTNERS TO RECOGNIZE AND TO VALUE WITH CONCRETE ACTIONS THE MERIT AS CATALYTIC ELEMENT OF MORE AND BETTER COOPERATION FOR THE DEVELOPMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

strategy of exit32
STRATEGY OF EXIT
  • HAVING A RIGHT TO A WELL HAPPENED COURSE AND THOROUGHLY TRIBUTARY TO THE INTERNATIONAL COOPERATION, CAPE VERDE WANTS TO CONTINUE AND TO CONSOLIDATE THE EXISTENT RELATIONSHIP WITH OUR PARTNERS
  • THE GRADUATION SHOULD OBEY A GRADUAL AND PROGRESSIVE STRATEGY, OF CONSOLIDATION OF THE GOOD EXISTENT PRACTICES AND OF THE LAUNCHING OF INNOVATOR MODALITIES OF COOPERATION

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

strategy of exit33
STRATEGY OF EXIT
  • IN THE CASE OF CAPE VERDE, CONSTRAINTS AND VULNERABILITIES PERSIST THAT ENROLL IN THE LONG DURATION, AND SOME ARE PERMANENT
  • IN SPITE OF THE IMPORTANT CONQUESTS, IT IS ILLUSORY TO CONSIDER THAT THE COUNTRY ALREADY ACCOMPLISHED THE STRUCTURAL TRANSFORMATIONS THAT ALLOW TO RELEASE PDA
  • THIS EFFORT OF DECADES SHOULD CONTINUE TO BE SUPPORTED IN FAVOR OF THE SUSTAINABILITY OF THE DEVELOPMENT OF THE COUNTRY

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development
PROPOSAL TO THE PARTNERS OF DEVELOPMENT
  • IN THE FRAME OF THE ODM A TAX OF GROWTH OF GDP PER CAPITA FROM 2,5% TO 3% IS CONSIDERED INDISPENSABLE TO REACH THE OBJECTIVE OF REDUCTION OF THE POVERTY, TO HALF, IN 2015
  • IN CAPE VERDE THE PUBLIC INVESTMENT IS A CRITICAL VARIABLE TO THE MATERIALIZATION OF THAT GOAL
  • THE PUBLIC INVESTMENT, BESIDES ITS DIRECT IMPACT, IT IS INDISPENSABLE TO THE CREATION OF CONDITIONS OF COMPETITIVENESS FOR THE PRIVATE SECTOR

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development35
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

FINANCING

  • ON AVERAGE, ABOUT 90%, OF THE FINANCING OF THE PUBLIC INVESTMENTS RESULT FROM THE MOBILIZATION OF EXTERNAL RESOURCES
  • ABOUT 40%, ON AVERAGE, OF THE PUBLIC INVESTMENTS IS FINANCED WITH RESORT TO LOANS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development36
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

FINANCING

  • IT DOESN\'T EXIST IN CAPE VERDE A PROBLEM OF NON-SUSTAINABILITY OF THE PUBLIC DEBT:
  • AN APPROPRIATE APPLICATION OF THE LOANS HAS BEEN FAVOURING ECONOMIC GROWTH
  • THE COUNTRY HAS BEEN BENEFITTING FROM CONCESSIONAL LOANS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development37
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

FINANCING

  • IT IS FUNDAMENTAL TO ASSURE THE SUSTAINABILITY OF THE PUBLIC DEBT:
    • THE ECONOMY SHOULD CONTINUE TO GROW TO HIGH RHYTHMS
    • TO BENEFIT FROM FINANCING IN FAVOURABLE CONDITIONS
      • ACCESS TO AN IMPORTANT VOLUME OF DONATIONS
      • ACCESS TO EXTERNAL LOANS WITH HIGH DEGREE OF CONCESSIONALITY

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development38
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

FINANCING

  • TOTAL OR PARTIAL FOREIGN DEBT RELIEF
  • REDYNAMIZATION OF THE PROCESS OF “TRUST FUND” THROUGH NEW CONTRIBUTIONS OF THE PARTNERS
  • THE PRODUCED RESSOURCES IN RESULT OF THE RELIEF OF THE SERVICE OF THE DEBT WILL BE CHANNELED FOR:
  • FINANCING OF THE STRATEGY OF REDUCTION OF POVERTY-EDUCATION, HEALTH, INFRASTRUCTURES
  • CAPITALIZATION OF THE SPECIAL FUND OF STABILIZATION AND DEVELOPMENT, TO FACE EXTERNAL SHOCKS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development39
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

FINANCING

  • TO SUPPORT CAPE VERDE IN THE ACCESS TO THE INTERNATIONAL CAPITAL MARKETS :
    • GRANTING, MONEY GRANT BONUSES, OF INTERESTS, FOR CONTRACTED LOANS IN THE FINANCE MARKETS AND DESTINED TO THE FINANCING OF INFRASTRUCTURES
    • SUPPLYING WARRANTIES FOR CONTRACTED LOANS NEXT TO THE COMMERCIAL BANKS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development40
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

INNOVATIVE MODALITIES

  • TO MOTIVATE THE PUBLIC/PRIVATE PARTNERSHIPS IMPELLING THE CONTRIBUTION OF NATIONAL AND FOREIGN PRIVATE SECTOR FOR THE DEVELOPMENT OF THE COUNTRY
    • SUPPLYING WARRANTIES FOR THE LOANS OF THE PRIVATE PARTNERS AND THEIR INVESTMENTS IN INFRASTRUCTURES
    • FINANCING THE NECESSARY COMPLETING INVESTMENTS FOR THE FEASIBILITY OF THE STRUCTURING PRIVATE INVESTMENTS

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development41
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

INNOVATIVE MODALITIES

  • CAPE VERDE APPEALS THE PARTNERS TO INCREASE / INTENSIFY THE BUDGET SUPPLY WITH BASE IN A PLURIANUAL PROGRAMMING

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development42
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

HELP TO FEED

  • IN FACE TO ITS WEAK AGRICULTURAL POTENTIAL AND NOURISHING CHRONIC DEFICIT, CAPE VERDE PROPOSES TO THE PARTNERS THE CONTINUATION OF THEIR PROGRAMS OF ALIMENTARY HELP
  • ALIMENTARY HELP IS ESSENCIAL IN THE BALANCE OF PAYMENTS AND FINANCING OF THE PUBLIC INVESTMENT

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development43
PROPOSAL TO THE PARTNERS OF DEVELOPMENT

PREFERENTIAL TREATMENT IN INTERNATIONAL COMMERCE

  • CAPE VERDE CONSIDERS VITAL TO CONTINUE TO BENEFIT FROM THE DIFFERENT PREFERENTIAL AGREEMENTS
  • IT DEFENDS THE MAINTENANCE, FOR A LINGERING PERIOD, OF AN EQUIVALENT STATUTE TO THAT OF A PMA IN THE INTERNATIONAL TRADE

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

proposal to the partners of development44
PROPOSAL TO THE PARTNERS OF DEVELOPMENT
  • IN FACE OF THE ENORMOUS VULNERABILITIES AND THE CHALLENGES OF DEVELOPMENT OF CAPE VERDE
  • A SHARED OBJECTIVE OF A SMOOTH TRANSITION

WILL ONLY BE RENDERED CONCRETE WITH THE SUBSTANTIAL SUPPORT OF OUR PARTNERS OF DEVELOPMENT

THANK YOU VERY MUCH

MEETING OF PARTNERS - MINISTER OF FINANCE AND PUBLIC ADMINISTRATION - JOÃO SERRA

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