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Cooperation with Portugal

    ABIDJAN
    Portugal and Cape Verde have signed two financial agreements worth US $39 million to support the archipelago’s economy and strengthen the convertibility of its currency, the escudo, the Panafrican News Agency (PANA) reported on Thursday. A US $14-million loan is aimed at supporting economic activities and reforms, while the second agreement is a plan to restructure a debt of about US $25 million that Cape Verde owes Portugal.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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