Praia, Aug 9 (Inforpress) – The European Union (EU) has just disbursed 8.5 million euro, approximately 935 million escudos to Cabo Verde under the EU-Cabo Verde Budget Support Program for the period 2016-2020.
In a statement sent to Inforpress, the EU says it is part of the good governance and development contract aimed at implementing the strategy of growth and poverty reduction in the country and strengthening governance and the economy.
The amount now available represents 14.9 per cent of the overall value of the current Budget Support Program with a total value of 57 million euuro.
“Compliance with the eligibility criteria, including the implementation of public policies falling within the scope of the EU-Cabo Verde Special Partnership, public finance management, macroeconomic stability and the level of financial transparency, have been assessed in this context ” said the EU delegation.
MJB / FP / HVF