“Mechanisms are needed to create circles: transforming debt into climate financing is one of them”, says Ulisses Correia e Silva, referring to the reduction in energy bills as an advantage.

The Cape Verdean prime minister classified the agreement with Portugal to convert debt into climate financing as an example that he hopes will become “contagious”.

“It is a good example that we hope will be contagious to other partners”, he said at the opening ceremony of a meeting with 350 participants from Small Island Developing States (SIDS, English acronym for Small Island Developing States), at the University of Cabo Verde. (Uni-CV) to prepare the organization’s IV International Conference, in May 2024.

Source: “Observador”