General Information News Archives 26/10/06 - Transition Support Group for Cape Verde’s graduation from LDC list to meet tomorrow
| 26/10/06 - Transition Support Group for Cape Verde’s graduation from LDC list to meet tomorrow |
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 The Minister of Foreign Affairs, Victor Borges, will preside tomorrow over the second meeting of the Support Group for Cape Verde’s transition from the list of Least Developed Countries to the group of Developing Countries. Created in May of last year and made up of representatives from the government and a number of Cape Verde’s donors, the group is expected to finalize the discussion of the Graduation Strategy Cape Verde will submit to its partners in development.
Created last May following a meeting with Cape Verde’s bilateral and multilateral partners with the objective of advising the government, Cape Verde’s Transition Support Group, which will meet tomorrow, has concluded the elaboration of a document in which Cape Verde’s Graduation Strategy is defined. The strategy will be reviewed next year by the United Nations system. The document, according to a diplomatic source, points to the need to increase the level of aid or, at the very least, to maintain current levels, as well as the need for the adoption on the part of Cape Verde’s donors of more malleable financing mechanisms during the ten-year transition period, which will begin in January 2008. Only with this type of measure, according to the source, will Cape Verde be able to assure the sustainable continuity of its development process without major upsets.
Source A Semana |