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Cabo Verde Politics

Government and Politics of Cabo Verde

On February 12, 2001, presidential elections were held, but as no candidate received more than 50% of the vote, another election round had to be conducted two weeks later. Both candidates blamed each other for irregularities during this election round, and in this chaotic political situation, the Supreme Electoral Commission decided to suspend the public counting of votes and initiate a new count. The result was that Pedro Pires of PAICV defeated Carlos Veiga by just 17 votes. Pires took over the presidential post on March 22, becoming the country's third president since independence. Also see AbbreviationFinder for abbreviation of CV and its meanings of Cape Verde.

In February 2002, the government stepped up its efforts to decentralize and privatize its large state sector. To that end, it also signed a cooperation agreement with France worth DKK 610 million. Euro.

During the celebration of the African Children's Day in June 2003, Neves declared that the government's main goal was to provide all Cape Verde people with access to water and electricity by 2013. Following privatizations, the price of these basic goods and access to running water - especially outside the capital - rose. became more sporadic. Neves further stated that within the next 5 years, the government wants all schools to have access to at least one computer. He added that the government had initiated its development plan, Operation Hope.

In September 2004, Finance Minister Joćo Pinto Serra sent an open letter to the IMF stating that the structural reforms within the government administration would be made more flexible in order to pave the way for privatization. The reforms would concentrate on the energy sector, water, telecommunications, transport, fisheries and shipping. The letter also contained a note on the country's economic and financial policy as well as a promise to continue the reforms initiated by the IMF. The international financial institution required further economic deregulation to pave the way for new privatizations.

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