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Cabo Verde needs to invest around five billion euros in the next ten years – Minister of Finance

Praia, Jun 3 (Inforpress) – Deputy Prime Minister and Minister of Finance Olavo Correia announced Wednesday the country will need to invest in the next ten years about five billion euros in public-private partnership.

“If Cabo Verde does not find budget space or a solution to current public debt, it will hardly be able to make investments in the sectors of health, water, sanitation, urban qualification and business development,” said Olavo Correia, for whom the issue of converting public debt into strategic investment is of “paramount importance” for the country.

The ruler made these remarks to the press on the sidelines of the workshop opening “Restructuring the Public Debt in Natural and Climate Capital”, promoted by the Association for Defense of Environment and Development (ADAD), in partnership with the Ministry of Finance and the International Institute for Environment and Development (IIED), which had the participation of several stakeholders, via the digital platform.

“Cabo Verde is a small island country and needs to take better care of its territory,” said Olavo Correia, adding that those who do not take care of its territory and its people “have no future”.

LC/ZS/HVF

Inforpress

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