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Cape Verde

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  1. Cape Verde Main Page
  2. Efforts at Modernization
  3. Fonseca Elected President
Efforts at Modernization

In an effort to take advantage of its proximity to cross-Atlantic sea and air lanes, the government has embarked on a major expansion of its port and airport capacities. It is also modernizing its fish processing industry. These projects are being partly paid for by the EU and the World Bank, making Cape Verde one of the largest per-capita aid recipients in the world. Disenchantment with the government's privatization program, continued high unemployment, and widespread poverty helped defeat the MPD in elections held in Jan. 2001. The PAICV swept back into power and José Maria Neves became prime minister. In 2006, incumbent Pedro Pires was reelected president.

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