300 Congress Street, Suite 204
Quincy Massachusetts USA 02169




Trade (2009): Exports--$36.7 million: re-exported fuel, fish and crustaceans, clothing, shoes and shoe parts. Imports--$746.3 million: consumer goods, intermediary goods, capital goods, petroleum. Major trading partners, exports-- Spain 62%, Portugal 34%, France 3%, United States 1%. Major trading partners, imports-- Portugal 48%, Netherlands 17%, Spain 10%, Brazil 4%, Germany 2%.

Fiscal year: Calendar year.

Currency: Escudo (CVEsc 79 = $1 as of February 2010), which is pegged to the Euro.

Economic aid received: $161 million (2005). Largest donors--Portugal ($43 million); European Union ($22 million); World Bank-IDA ($21 million); Luxembourg ($15 million); Netherlands ($10 million); the United States (more than $110 million).

The first U.S. consulate in sub-Saharan Africa was established in Cape Verde in 1818. U.S. consular representation continued throughout the 19th century. The United States recognized Cape Verde on its independence day and supported its admission to the United Nations. Cape Verde assigned one of its first ambassadors to the United States , and a resident U.S. ambassador was posted to Cape Verde in 1983. Prime Minister Neves visited Cape Verdean communities in New England during an official trip to the United States in 2002, and President Pires visited the United States in April 2005. Prime Minister Neves also visited the U.S. in September 2007. In August 2009, Secretary of State Hillary Clinton visited Sal Island in Cape Verde and met with Prime Minister Neves.

The United States provided emergency humanitarian aid and economic assistance to Cape Verde in the period immediately following Cape Verde's independence, as well as after natural disasters, including a hurricane that struck the island of Brava in 1982, after a severe volcanic eruption on Fogo in 1995, after deadly flooding in Sao Nicolau in 2009, and in the wake of a dengue fever epidemic in 2009. Cape Verde also is eligible for trade benefits under the African Growth and Opportunity Act (AGOA), and has signed an Open Skies agreement to facilitate air travel safety and expansion. On July 4, 2005, Cape Verde became the third country to sign a Compact with the U.S. Government-funded Millennium Challenge Corporation (MCC); the 5-year assistance package was worth over $110 million. On October 15, 2010, Cape Verde became the first country in Africa to complete its Compact, and did so on time, within budget, and achieving all of its targets for strengthening the investment climate, reforming the financial sector, improving infrastructure, increasing agricultural productivity, and achieving key policy reforms. On December 9, 2009, it became the first nation to be found eligible for a second Compact, currently under development.

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