Praia, Sept. 3, 2024 (Lusa) - The European Union announced on Tuesday that heads of European financial institutions are in Cabo Verde to sign agreements in the areas of digital, renewable energies, and the blue economy during a visit as part of the Global Gateway initiative.
The European Union delegation in Cabo Verde said that during the three-day visit that began today, the vice-president of the European Investment Bank (EIB), Ambroise Fayolle, and the Deputy Director General for International Partnerships, Myriam Ferran, would announce "three major operations" for financing in strategic sectors for Cabo Verde.
‘These are strategic financing operations, essential for Cabo Verde's development and projection in the region,’ said Ambroise Fayolle, vice-president of the EIB since 2015, on the eve of his departure for the archipelago, quoted in a press release.
He also said he intends to strengthen cooperation with Cabo Verde by signing agreements in the digital, renewable energy and blue economy fields.
‘We're not just signing agreements. We're committing to a vision of a more sustainable, resilient and interconnected Cabo Verde,’ added Myriam Ferran, the European Union's Deputy Director-General for International Partnerships and Development Policies since November 2021.
During the official visit, the two officials will meet with government authorities, representatives of the diplomatic corps, various stakeholders and financial partners.
They will also visit projects financed by the European Union and the European Investment Bank in Cabo Verde, an EU financing institution whose capital is held by member states.
It provides long-term financing for viable and sustainable investments that contribute to the realisation of the EU's strategic objectives.
This year, the bank approved funding of 114 million euros to finance the rehabilitation and expansion of ports (which includes the islands of Santo Antão, São Vicente and Sal), as well as the country's main shipyard, Cabnave, located in São Vicente.
In 2021, the European Union launched its Global Gateway strategy, which aims to create sustainable and reliable connections for the benefit of people and the planet. The strategy includes the 27 member states and the EIB and aims to reduce the financing gap.
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