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.