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Cape Verde: A Development Success Story Africa’s Response to its Development Challenges Organized by Syracuse University May 18, 2006 By Ambassador José.

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Presentation on theme: "Cape Verde: A Development Success Story Africa’s Response to its Development Challenges Organized by Syracuse University May 18, 2006 By Ambassador José."— Presentation transcript:

1 Cape Verde: A Development Success Story Africa’s Response to its Development Challenges Organized by Syracuse University May 18, 2006 By Ambassador José Brito

2 OUTLINE Overview: Location & Demography Capeverdean Diaspora Key Challenges Process of Democratization Building the Sustainability of the Economy Conclusions

3 Archipelago – 10 Islands, uninhabited when discovered by Portugal in 1460 a.d. Land Area – 1,557 sq.m Population: 435,000 Religion: 90% Roman Catholic, 8% Christian Protestant, 2% others Language – Portuguese & Local Creole Growth 27% in 10 years Main Towns: Praia, Mindelo Time – GMT + 1hr. Overview:Location & Demography Cape Verde

4 Capeverdeans in the World USATotal Americas EuropeAfricaTotal World 265,000274, ,000519,000 Estimate from Instituto das Comunidades

5 Key Challenges

6 Geographic discontinuity

7 Small internal market

8 Low rainfall and difficult climatic conditions

9 Limited resources

10 Inadequate infrastructures

11 High level of unemployment

12 Deepening poverty

13 However, Cabo Verde is today an African success story

14 The Process of Democratization Democratic Share Values Democratic Institutions

15 Democratic Share Values

16 The Capeverdean Exception in Africa CAPE VERDE, A NATION BEFORE A STATE

17 Democratic Institutions Political System Legislative System Electoral System Court and Law Enforcement Systems Local Institutions Public Administration Civil Society Organizations Press

18 The Building of Democratic Institutions Facing the Vulnerability and Building a Viable State Managing the Political Transition Consolidating the Economy and the Institutions

19 Where do we go from here?

20 Business as usual precipitating social and economic decline Sustained AID & remittances; continued economic growth but no transformation Significant change and rapid transformation based on exploiting & building our competitive advantage Development AID Emigrants Remittances

21 Building competitive advantages Location Sea Climate Good Governance Network strategic Partners Gateway to/from Africa Hub passenger and Cargo Transhipment Marine Resources Exclusive Economic Zone Fishing Regional Center Sun, Sea, Mountains Malaria Free Renewable Energies Stability/ Peace Corruption Free Sound Management Market Access ECOWAS/PALOP/ CPLP Europe/Americas/Global Nation Human Resources Diversify & Rich Culture Universal primary education Fast learners Free Open Economy + Good Governance and Maturing Stable Economy + Highly Literate Society

22 REASONS TO VISIT CAPE VERDE CABO VERDE IS A BEAUTIFUL COUNTRY

23 REASONS TO VISIT CAPE VERDE

24 REASONS TO VISIT CAPE VERDE

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28 Conclusions Poverty is not a fate A self-sustaining high growth economy is possible in a resource less country Good governance is a strategic resource

29 THANK YOU OBRIGADO


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