Africa-Press – Cape verde. The parliamentary leader of the PAICV (opposition), João Baptista Pereira, emphasized that it makes sense to update the capital market, however, he warned about the concentration of powers in the hands of the Ministry of Finance.
The warning was left by the party during the ordinary session this Friday, 11th, with the general discussion of the proposal that makes the third alteration to the Securities Market code, approved by Legislative Decree No. 1/2012, of January 27th.
According to what he said, with the amendment to the law, the dependence on the appointment of the board of directors of the General Audit Committee of the Securities Market of the Bank of Cabo Verde (BCV) is removed, shifting it to the supervision of the Minister of Finance, who will propose to the Government the appointment through the Council of Ministers of the general auditor and other authorities.
“What we need to understand is that in Cape Verde, the Minister of Finance already has a very broad scope of economic and financial matters. He proposes who will be in charge of the General Inspectorate of Finance, the Regulatory Audit of Public Procurement, the Court of Auditors, the Bank of Cape Verde, and the Private Investment Guarantee Fund,” he criticized.
João Batista opposed the solution of centralizing “everything” in the hands of the Ministry of Finance, highlighting the need for greater control in the country.
In turn, fellow PAICV deputy Carlos Tavares once again denounced what he called an attempt by the MpD to deceive Cape Verdeans and not fulfill its election promises of promoting more public tenders.
Carlos Tavares said that, in 2016, the Movement for Democracy (MpD, in power) adopted the discourse of promoting more public tenders and depoliticizing the public sector.
These words, he claimed, were nothing more than an “attempt to deceive Cape Verdeans”, demonstrating the opposite of what was promised through his government, also highlighting that Cape Verdeans “are tired of excuses” from the past.
Conversely, the parliamentary leader of the MpD, Celso Ribeiro, considered that the Government has indeed fulfilled its promises and “is making a difference” with structural legislation and advances in the financial market.
In fact, according to Celso Ribeiro, the third amendment to the Securities Market Code, currently under discussion in parliament, shows that we are dealing with an instrument that protects society and “crypto assets,” providing a direct and secure path for digital transactions aligned with international requirements.
The diploma, he explained, represents an innovation and responds to the new demands of today’s society with advances in the market, meeting the requirements of the securities, financial and secondary markets.
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