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Compact Signing Ceremony with Cape Verde

July 3, 2005

On July 3, 2005 in Praia, Cape Verde, the United States, through the Millennium Challenge Corporation, signed an historic five-year Compact in excess of $110 million with the Republic of Cape Verde to support the country’s goal of poverty reduction and economic growth. The Compact will help transform Cape Verde by making sizeable investments in water resources, agricultural productivity, major port and road improvements, and initiatives to promote the private sector, including investment climate and financial sector reforms.