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In 1980, Cape Verde and China signed an Economic and Technical Cooperation Agreement through which China would construct a parliamentary hall for Cape Verde.[3]: 37 The hall was finished in 1985.[3]: 37
Since the firstForum on China Africa Cooperation conference in 2000, the Chinese government has successfully delivered $63.5 million in development finance.[4] These projects include $4.4 million for construction of the Poilão dam in the Santa Cruz, $22 million to build a sports stadium in Monte Vaca, and $2.3 million in debt forgiveness.[5]
Cape Verde and China both participate in the multi-lateral groupForum Macao, which China formed in 2003 to increase economic and commercial cooperation between China and the Portuguese-speaking countries.[1]: 62 During the 2010 Forum Macao meeting, Chinese PremierWen Jiaobao announced the creation of a $1 billion fund aimed at boosting trade between China and Portuguese speaking countries.[6]
^Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China’s Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development.[1]
