Government considers Cabo Verde to be on track to reach top 50 of doing business

Praia, Jul 12 (Inforpress) – The Prime Minister Ulisses Correia e Silva said Wednesday that Cabo Verde is on track to reach the top 50 of doing business over the next 10 years, according to the goal set at the beginning of the mandate in 2016.

The Head of Government spoke at the end of the Competitiveness Council first meeting, which he chairs and whose objective is to evaluate every six months the state of implementation of the competitiveness action plan, i.e., the progress of a set of reforms and measures which have an impact on the business environment.

He already indicated that the mid-term evaluation of the plan implementation is positive, saying that a very hard work was done by the unit team for competitiveness.

“The diverse data provided by sectoral representatives, municipal intervention at the City of Praia in terms of the City Hall, the representative actors of the private sector show that we are on the right track, that is, we will actually achieve the goals we want to put Cabo Verde in the top 50 of doing business over the next 10 years”, he said.

The set up of companies, access to credit, the efficiency of the tax administration system, the process of providing electricity services, solving insolvency, administration of justice, permits and building permits are some of the indicators evaluated in the short, medium and long term.