Cape Verde
Co-operation relations between Portugal and Cape Verde
General information
Official name: Republic of Cabo Verde
Capital: Praia – Santiago Island
President: José Maria Neves (elected in 2021)
Prime-Minister: Ulisses Correia da Silva (since 2016)
Independence Day: 5 July 1975
Provinces/Regions: Islands of Barlavento: Boavista, Sal, Santo Antão, São Nicolau, São Vicente; Ilhas do Sotavento: Brava, Fogo, Maio and Santiago.
Offcial Languages: Português, Crioulo.
Religion: Catholic, Protestant.
Geography
Geographical Area: 4.033 km2 over 10 islands
Clima: mild with average temperatures below 25ºC and above 20ºC across the year
Demography
Population: 520 500 inhabitants (2018) (BM)
Average rate of population growth: 1.5% (2018) (CIA)
Life expectancy: 72.57 years (2017) (BM)
Literacy rate: 11.0% (2018) (BCV)
Human development index: 126th position (2018) (UNDP)
Economic data
Currency: Escudo Cabo-Verdiano (1€=110.3CVE) (BP)
GDP per Capita: 3 635 USD (2018) (BM)
Inflation rate: 0,9% (2020) (INE-CV)
Unemployment rate: 12.12% (2018) (BCV)
Growth rate: 5.5% (2018) (BCV)
Main exports: fish, crustaceans, beverages, clothing and shoe (2018) (AICEP)
Exports - Portugal: 65,0 M € (2016) (AICEP)
Imports - Portugal: 340,6 M € (2016) (AICEP)
Direct Portuguese Investment (gross): 4,8 M € (2015) (AICEP)
Main investors: Spain, Portugal, Italy, Turkey and USA (AICEP)
Other information
Portuguese Embassy in Cidade da Praia
Ambassador: António Moniz
Address: Avenida da OUA
Achada de Santo António
Cidade da Praia - CP 160
Tel.: +238 2623032/262 30 33/262 39 25/ 262 60 97
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Attaché/Co-operation contact: Helena Guerreiro
Tel: (+238) 2626128 /262 6126
Fax: (+238) 2623222
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Embassy of the Republic of Cabo Verde in Lisbon
Ambassador: Eurico Correia Monteiro
Address: Av. do Restelo, 33
1449-025 Lisboa
Tel. (+351) 213041440
Fax (+351) 213041466
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Current situation
Portugal – Cabo Verde ODA
Cape Verde has been the main recipient of Official Development Assistance (ODA) from Portugal. In the period from 2010-2014, the bilateral Portugal-Cabo Verde ODA represented the following values:
|
2010 |
2011 |
2012 |
2013 |
2014 |
|
107,422,8772 |
105,359,806 |
130,843,997 |
119,858,811 |
103,549,481 |
Source: Camões, IP (euros)
ODA amounts include the use of concessional credit lines/loans, the majority intended for projects in the areas of construction/restoration of infrastructure.
In terms of sectors, the Portugal-Cabo Verde bilateral ODA opted for the areas of education and health (see table below).
Co-operation programme with Cabo Verde
On the 19th of January 2016, a Memorandum of Understanding was signed by Portugal and Cape Verde with the objective of starting negotiations for the conclusion of a new Strategic Co-operation Programme (SCP) from 2016-2020.
Memorandum of Understanding - Strategic Co-operation Programme 2016-2020
Indicative Co-operation Programme: Portugal - Cabo Verde 2012-2015
Indicative Co-operation Programme: Portugal - Cabo Verde 2008-2011
Co-operation in Numbers
Portuguese Official Development Assistance to Cabo Verde
Cabo Verde has been one of the main beneficiaries of Portuguese ODA since 2010. A significant part of the amounts corresponds to the use of concessional credit lines/loans for equipment and infrastructure construction and investments in the social housing and renewable energy sectors. Since 2015, the lower use of these lines, as well as the reimbursement of concessional credit lines/loans in the "Transport" sector by Cabo Verde, has led to the downward trend.
The sectoral group "Social Infrastructure and Services" traditionally assumes the highest concentration in counterbalance to the negative values of "Economic Infrastructure and Services," due to the reimbursement of credit lines/concessional loans.
