Cape Verde hosts national workshop on local finances
Officials from 22 municipalities gathered in Praia to discuss ways to boost municipal revenue and financial autonomy.
The second National Workshop on Local Finances is taking place in Praia on October 27 and 28, organized by the Ministry of State Reform, Local Power and Decentralization. The event aims to strengthen municipal revenues across Cape Verde and includes representatives from all 22 municipalities, as well as national and international institutions.
Held at the Hotel Oásis Atlântico Praia Mar as part of the Joint Program for the Promotion of Local Development in Cape Verde, the workshop's opening session featured the Minister of State Reform, Local Power and Decentralization, José Casemiro de Pina. Also present were the Ambassador of Luxembourg to Cape Verde, Jean-Marie Frentz, and the Resident Coordinator of the United Nations System in Cape Verde, Patrícia Portela de Souza.
This second edition focuses on sharing experiences and enhancing municipal capacity for mobilizing own revenues. Key discussions include property valuation methods, preliminary results of a pilot phase, a simulator for calculating ITI and IPI taxes, and progress in municipal action plans to improve local income. The workshop also presents municipal best practices and analysis of local revenues in the 22 municipalities to foster financial autonomy and sustainable local development.
Why it mattersLocal government officials and representatives from all 22 municipalities in Cape Verde are affected by discussions on strengthening municipal revenues and financial autonomy.