The Government will launch nine billion escudos credit line, “with more flexible conditions”, to stimulate the economy in the post-COVID-19 recovery phase, announced today the Secretary of State for Business Development, Adalgisa Vaz.
The ruler spoke at the workshop opening on support mechanisms for Micro-, Small and Medium-sized Enterprises (MSMEs), taking place today in the City of Praia, with the aim of developing a feasibility study to outline the project to strengthen employability and inclusion of young people.
According to data presented during the workshop, MSMEs make up about 98 percent (%) of formal companies and represent 40 percent of formal jobs.
And in order to strengthen its key role in the Cabo Verdean economy, the Government and other partners have had a diagnosis carried out to assess and address market failures in the support and financing of MSMEs.
Source: Inforpress