CAPE VERDE SOCIO-ECONOMIC SITUATION AND STRATEGY OF SMOOTH TRANSITION - PowerPoint PPT Presentation

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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

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Cape verde socio economic situation and strategy of smooth transition l.jpg

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


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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


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    • GENERAL CONTEXT

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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    • STRATEGY OF DEVELOPMENT

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


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    • 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


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    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


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    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


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    • SOME DATA

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


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    1. MACROECONOMIC EVOLUTION

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


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    2. MACROECONOMIC EVOLUTION(IN % OF GDP)

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


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    3. MACROECONOMICEVOLUTION ( IN MILLIONS CVE )

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


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    4. MACROECONOMICEVOLUTION ( IN % GNP )

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


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    IV. GOVERNMENTPROGRAM

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


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    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


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    V. CHALLENGES FOR A SMOOTH TRANSITION

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


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    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


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    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


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    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


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    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


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    INTERNAL CHALLENGES

    • MODERNIZATION OF THE FINANCIAL SYSTEM

    • CONCLUSION OF THE SOCIAL SECURITY REFORM

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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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


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    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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