Africa-Press – Cape verde. The Prime Minister, Ulisses Correia e Silva, admitted that the Government will introduce a “one-off change” to the law amending the law establishing the Sovereign Wealth Fund for Private Investment Guarantee to maintain the fund under the supervision of the Bank of Cabo Verde.
Ulisses Correia e Silva made these statements in remarks to the Cabo Verde Television (TCV) in Dubai, when asked to rule on the return to parliament of the law amending the law establishing the Sovereign Wealth Fund for Private Investment Guarantee, by the President of the Republic, José Maria Neves.
The chief executive said that this is a competence of the President of the Republic and said that the Government will introduce a one-off change to the law proposal so that it can follow its normal course.
“This is a normal act of the President of the Republic. There have been several other normal situations, there will be a small correction then we return again to the legislative act, without problems, quiet”, he said, indicating that the one-off change has to do with the supervisory and regulatory body of the Bank of Cabo Verde fund.
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