Africa-Press – Cape verde. The Government will provide several lines of credit with interest rates up to 3.5% and a guarantee of 50%, in an overall amount of 9 billion escudos, destined to the private sector for the economic recovery in the post-pandemic.
According to the economic recovery plan, presented on Thursday, in Praia, by the Secretary of State for Business Development, Adalgisa Vaz, 30% of the 9 billion, or 2.7 billion escudos, is intended to strengthen the cash flows of the companies which made use of moratoriums, with a credit limit per company fixed three months from the sales volume of December 2019.
The other part, 70%, corresponding to 6.3 billion, is destined to investment credit. Five billion have the Pro-garante partial credit guarantee fund and the lines of four billion escudos with the approval of the state.
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