The European Development Fund (EDF) is the main source of technical and financial cooperation between the EU and Cabo Verde. The EDF consists of contributions from EU member states towards financing cooperation projects and activities in ACP countries (Africa, Caribbean, and Pacific) identified during the design phase of the relevant National Indicative Programmes (NIP) and Regional Indicative Programmes (RIP).
During the 10th EDF implementation, from 2008 to 2013, approximately 86% of the funds were channelled through budget support to sustainably promote poverty reduction and economic growth, and to promote the Special Partnership between Cabo Verde and the EU.
BUDGET SUPPORT (BS)
The European Union started applying Budget Support in Cabo Verde in 1998, with programmes to establish conditions for improving public finance management, and to strengthen food security in a subsequent phase.
Budget Support as part of the 10th EDF ended in 2016. An overall total of 70.3 million euros was provided.
The new EU-Cabo Verde Budget Support programme was signed at the end of 2016, providing a total of 50 million euros, in the framework of the 11th European Development Fund, for the period 2016-2020.
In addition to this package, financial envelopes of 5 million euros were provided for institutional support and technical assistance, in order to strengthen the technical and operational capacities of public institutions in priority sectors.
A package of 7 million euros was approved in 2016 as extraordinary budget support for rehabilitation of the island of Santo Antão after the torrential rains of September 2016. Similar funds were provided in 2014 after the volcanic eruption on the island of Fogo, and in 2015 as part of the Pro-Resilience Action 2015 programme to support the fight against the effects of drought by strengthening food security and sustainable rural development.
FISHERIES PARTNERSHIP AGREEMENT (FPA)
The first fisheries agreement was concluded between the EEC and Cabo Verde in 1990.
The current Fisheries Partnership Agreement between the EU and Cabo Verde came into force on 20th March 2007, and has been continued since through tacit renewal.
This fisheries agreement is part of the network of tuna fisheries agreements in West Africa, and it allows a limited number of EU ships - from Spain, Portugal and France in particular - to fish in the waters of Cabo Verde.
Following the expiry of the protocol, on 31st August 2014, a new protocol of to the agreement was signed, which has been in force since 23rd December 2014.
Under the new protocol, which covers a period of four years, 71 EU vessels can fish for tuna and similar species in Cabo‑Verdean waters. In return, the EU will pay Cabo Verde a financial contribution of 550,000 euros per year for the first two years that the protocol is applied and 500,000 euros per year for the last two years. Half of this annual contribution is reserved for promoting sustainable fisheries management in Cabo Verde, including capacity building for control and supervision, and for helping local fishing communities to improve governance of fishing with a view to sustainable exploration, supply and development in the sector.
This type of agreement is one of the new agreements that also aim at preserving resources and environmental sustainability, and guarantee identical control and transparency standards for all EU vessels.
This sectoral support aims in particular to:
- improve the scientific knowledge underlying fishing rights conceded under the agreements and provide more information on the global fishing effort carried out in the waters of partner countries;
- strengthen the good governance aspect of the agreements and include a clause protecting human rights, as well as gradually increasing the contribution from EU shipowners to the costs of access;
- promote sustainable fishing in the waters of partner countries, better defining the objectives of the concession of sectoral support from the EU and ensuring regular supervision.
The European Union provided 6 grants in 2015 following the call for proposals for “Preservation and improvement of social, cultural and environmental heritage as a factor in the diversification and development of sustainable and solidarity tourism in Cabo Verde", in the framework of the “Non-state actors and local authorities” thematic programme, aimed at civil society organisations and local authorities.
In 2017, it is foreseen to finance more projects, following the call launched in 2016 focusing on developing sustainable tourism to boost job creation.
1) The Memorandum of Understanding between the EU and Cabo Verde for enhanced cooperation on renewable energy was signed in September 2014 in New York, on the sidelines of the United Nations General Assembly and the Climate Change Summit. The Memorandum was co-signed by the following EU Member States: Austria, Luxembourg, Spain, and Portugal.
2) The Energy sector was identified as the next sector to benefit from the EU/CV cooperation on technical and regulatory convergence through the Institutional Support instrument under the new Budget Support Program (11th EDF).
3) Regional Program: Cabo Verde is expected to benefit from two concrete programs on energy governance under the 11th EDF.
4) EU Technical Assistance Missions (EU / TAF SE4ALL): Since the beginning of 2014 Cabo Verde has already received several TAF EU SE4ALL missions, which will continue and which currently have the following objectives:
i. To develop a Hydro-pumping Energy Storage Project in Cabo Verde;
ii. To elaborate the Energy Master Plan of Cabo Verde.
These missions aim at supporting the country in achieving the recommended results of its national strategic document for Renewable Energy.